The lawsuit that Birmingham-based mobile market Sendo brought against Microsoft over allegations of the theft of trade secrets is finally over. The legal battle between UK phone manufacturer Sendo and Microsoft has been settled, the companies announced on Monday morning.
Sendo had been suing Microsoft for the alleged theft of trade secrets, fraud and for conducting unfair competition -- charges which Microsoft had denied. The case had been proceeding in Texas, but has now been concluded with both parties denying "any and all" liability.
Full details of the settlement weren't immediately available on Monday. As part of the deal Microsoft is surrendering its 4 percent shareholding in Sendo.
Both parties have said they are happy with the settlement.
Full story... Source : ZDNET UK