The California Institute of Technology has reached a “potential settlement” in a high-stakes patent infringement lawsuit against Apple (AAPL.O) and Broadcom (AVGO.O) over Wi-Fi chips, according to a Thursday filing in federal court.
Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was later overturned.
The potential settlement was disclosed in a court document filed in U.S. District Court in Los Angeles without further details following a telephone conference. It was unclear if the agreement involved both Apple and Broadcom.
Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment. The court ordered the parties to file a joint status report by Aug. 18.
Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.
A U.S. appeals court overturned the award last year and ordered a new trial on damages, finding the amount was “legally unsupportable.” A trial that had been scheduled to begin in June 2023 was postponed indefinitely in May.
Caltech told a Texas federal court on Tuesday that it had settled a related lawsuit against Samsung (005930.KS). The university has also sued Microsoft (MSFT.O), Dell (DELL.N) and HP (HPQ.N) over its Wi-Fi patents in cases that are pending.