Matsushita claimed that three of its patents related to DVD had been violated by Taiwanese CMC Magnetics, when it brought the case to the United States District Court in California in July 2006.
"We are very pleased to settle the case with reasonable terms which both parties mutually agreed. We would like to keep a good relationship with MEI in the future," said Bob Wong, chairman of CMC.
"We are pleased that our intellectual property rights have been properly evaluated and this litigation was settled early to our mutual satisfaction." said Dr. Yoshihisa Fukushima, Director, Corporate Intellectual Property Division of MEI.