Settlement Reached in LG-Dolby Fight Over AC-4 Patents
LG and Dolby reached an out-of-court settlement on LG’s allegations that Dolby reneged on its ATSC commitments to license its NextGenTV AC-4 audio codec patents on fair, reasonable and nondiscriminatory terms (see 2201060058), said an LG stipulation filed Friday in…
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U.S. District Court in Manhattan. LG was seeking a preliminary injunction and 14-day temporary restraining order to bar Dolby from terminating its AC-4 license, apparently over disputed royalty audio reports. LG and Dolby each agreed to pay its own attorneys’ costs, said the stipulation.