Content about Royalties

December 28, 2012

A federal mediator announced Friday that the union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days.

New York City -- A federal mediator announced Friday that the union for longshoremen along the East Coast and Gulf of Mexico has agreed to extend its contract for 30 days.

The extension averts a potential strike that could have crippled operations at ports that handle about 40% of all U.S. container cargo, and it comes after the union and an alliance of port operators and shipping lines resolved a royalty payment issue that had held up contract resolution. Exact terms have not been made public.

June 7, 2011

A report released Tuesday by Bloomberg said that Barnes & Noble has filed suit against LSI Corp. to prevent the chipmaker from demanding patent royalties on sales of the bookseller’s Nook digital reader.

New York City -- A report released Tuesday by Bloomberg said that Barnes & Noble has filed suit against LSI Corp. to prevent the chipmaker from demanding patent royalties on sales of the bookseller’s Nook digital reader.

According to the report, the suit is a preemptive strategy by Barnes & Noble, as LSI had previously notified the retailer of intentions “to pursue claims of infringement of the LSI patents,” according to the complaint filed Monday in federal court in San Francisco.