LG Electronics and Sony said on Thursday that they have resolved trade mark disputes between the two firms spanning smartphones, TVs and Blu-ray technology, with LG adding that they have signed a cross-licensing deal. "LG and Sony recently agreed to drop service mark violation lawsuits against each other," a spokeswoman at South Korea's LG Electronics said. Sony confirmed this, but declined to explanation further. LG shares were up 1.3 percent, outperforming the Korea Composite Stock Price Index's (KOSPI) 1.7 percent fall, while Sony shares were down 2.7 percent, hitting a 2-1/2 year low, against a 1.5 percent lessen in the benchmark Nikkei average. Sony and LG have been embroiled in a loop of acrid lawsuits on a all the way order of products in Europe and the United States since the two technology giants failed to repeat a technology sharing compatibility that expired three years ago, a human overfree with the difficulty said. Sony had filed a grouse against LG with the U.S. International Trade Commission, seeking to barrier LG from shipping its Rumor Touch and several other smartphones to the United States.
LG also told the commission that Sony's PlayStation 3 infringed its Blu-ray video technology. The unmistakable spat culminated in the confiscating of PlayStation 3 tournament consoles by customs officers in the Netherlands following a court directive by LG in March.
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