Apple (NASDAQ:AAPL) and Samsung (SSNLF.PK) have agreed to a mediation meeting ahead of their next patent-infringement trial to be held in March, according to a court filing seen by Reuters. Although a specific date wasn’t provided, the session will be held on or before February 19.
In-house lawyers from both companies will present, along with Apple CEO Tim Cook and Samsung CEO Oh-Hyun Kwon. According to the filing, the companies’ legal teams previously met on January 6 in order to “discuss settlement opportunities,” Reuters reports.
Apple secured a major victory against Samsung in the United States in November, when a California jury ruled that the Korea-based company must pay the iPhone maker more than $290 million in damages for 13 products that were found to be infringing on five of Apple’s patents. Along with the damages awarded during a trial in 2012, Samsung now owes Apple approximately $930 million.
The upcoming trial in March will focus on newer Samsung smartphone models that Apple says are infringing on some of its patents, reports Bloomberg. Apple is also seeking a sales ban on certain older Samsung products that are no longer on the market.
The patent disputes between the two companies date back to the spring of 2011, when Apple filed a patent infringement lawsuit against Samsung. More recently, Apple won a patent infringement lawsuit against Samsung in December, when Korea’s Seoul Central District Court rejected Samsung’s request for $95,000 in damages as well as a sales ban on products like the iPhone 4S, iPhone 5, and iPad 2.
As previously reported by Reuters, Apple disclosed in court documents filed last month that it paid its primary law firm around $60 million in legal fees for its work on the damages retrial last year. However, with an estimated $147 billion cash hoard, Apple has the resources to continue to vigorously defend its intellectual property.
More from Wall St. Cheat Sheet:
- Apple: This Antitrust Monitor Has to Go
- Apple to Release Earnings Later Than Expected
- Analyst: Apple Should Stay Away From Low-End Market
Follow Nathanael on Twitter @ArnoldEtan_WSCS