If you're a follower of Qualcomm (NASDAQ: QCOM), this story may sound familiar: Last April, the company and longtime partner BlackBerry (NASDAQ: BBRY) agreed to binding arbitration to settle a dispute regarding a pre-arranged cap on licensing payments. That recently resulted in an interim decision awarding BlackBerry a whopping $814, 868,350.
BlackBerry noted the fine levied by the arbitration committee in San Diego, where the case was heard from Feb. 27 to March 3, was not final. The ultimate amount paid to BlackBerry, "including interest and reasonable attorneys' fees," will be decided following a hearing to be held on May 30.
BlackBerry CEO John Chen pointed out that his company and Qualcomm have "a long-standing relationship and continue to be valued technology partners." He added that he expects the partners will continue working together as BlackBerry expands its application-specific integrated circuit (ASIC) security solutions, and enters the smart car market.
Qualcomm recently counter-sued Apple in response to the iEverything maker's $1 billion lawsuit alleging the licensing fees the chipmaker was charging for the tech in its mobile devices were inordinately high. Qualcomm is also facing legal action from the Federal Trade Commission (FTC) alleging similar anti-competitive practices.
As if BlackBerry, the Cupertino giant, and the FTC weren't giving Qualcomm enough legal headaches, South Korea's regulatory authorities have concluded much the same thing. The Korea Fair Trade Commission has already issued a fine of $853 million for anti-competitive behavior, which Qualcomm has since vowed to fight.
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