Amazon Pays $40m to Settle Patent Case

Amazon has settled its 12-month legal case with Soverain Software with a payment of $40m, according to documents filed with the Securities and Exchange Commission. Amazon's papers reveal that it made "a one-time payment of $40m in the third quarter of 2005, dismissal of all claims and counterclaims, mutual releases, and a non-exclusive licence to Soverain's patent portfolio".

News source: vnunet.com

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