A New York federal court has made public a lawsuit brought by Microsoft, which is suing Samsung for £4.33m in unpaid interest on Android patent royalties.
The South Korean technology company, which uses Microsoft technology in its Android operating system, has paid $1 billion in royalties to date.
Samsung says that it temporarily withheld payment September 2013 as a protest following Microsoft’s acquisition of Nokia’s Devices and Services business, later relenting on the core cost but refusing to pay the interest that had accrued.
“In September 2013, after Microsoft announced it was acquiring the Nokia Devices and Services business, Samsung began using the acquisition as an excuse to breach its contract,” said Microsoft’s Deputy General Counsel David Howard, who filed legal action in August.
“Microsoft and Samsung have a long history of collaboration. Microsoft values and respects our partnership with Samsung and expects it to continue.”
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
A total of US$4.88 trillion of debt has been sold so far this year reports Dealogic, close to the level of 2007 when US$4.91 trillion of bonds were issued over the same period.
The German industrial gases group has ended talks with its US peer on a potential union to establish a market leader.
By 2020 global government spending will reach US$35 trillion against US$28 trillion in 2015, according to business information group MarketLine.