In another patent war that could have gotten very ugly late last year, Samsung filed a lawsuit in its home country claiming that LG Display had stolen secret information regarding its OLED screens. In retaliation, LG sought an injunction that would ban Samsung's Galaxy Note 10.1 from being sold throughout the country.
All was set for another overly extended legal battle between South Korea's two largest providers of display technology on their home turf, but it seems fate would rather have this battle take place on another day.
Both Samsung and LG have backed off from the ensuing battle by mutually agreeing to take a few deep breaths together and see if there is another way to make it through this unscathed. Samsung moved first, dropping its injunction last week, and LG has just followed in tow, officially announcing its decision through a press release.
The two firms have stated that each is willing to "[seek] an alternative solution through an amicable negotiation" in the spirit of "its promotion of fair competition"
Could it be the turning of the tides and a sign that not every patent war has to end with bitter court decisions? Samsung and LG have drawn a line in the sand that neither were willing to cross, and it might be possible for others to eventually follow in their footsteps. Or could it be that the two South Korean electronic giants need each other in the long run to combat rising stars and foreign competition?
LG Display [NYSE: LPL, KRX: 034220], a leading innovator of display technology, announced today that it has withdrawn its request for a preliminary injunction in connection to Galaxy Note 10.1 against Samsung Electronics and Samsung Display from the Seoul Central District Court of Korea.
LG Display seeks to stop the consuming dispute with Samsung and to continue its promotion of fair competition. Based on the firm belief that a patent should be fairly assessed as a product of innovation, LG Display seeks an alternative solution through an amicable negotiation with Samsung to clarify the respective rights and duties of each party and analyze the proper value of the patents.
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