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As it prepares for its $2.9 billion acquisition by Cisco Systems Inc., Tewksbury-based Starent Networks Corp. has settled its legal disputes with telecom equipment and cell phone maker UTStarcom Inc. Starent has agreed to pay UTStarcom $3.5 million and will receive a perpetual royalty-free license to UTStarcom patents that had been the source of the legal conflict.
The settlement between California-based UTStarcom (Nasdaq: UTSI) and Starent (Nasdaq:STAR) includes the dismissal of two pending litigations in the U.S. District Courts for the Northern District of Illinois and the Northern District of California. The California case dates back to 2005, and the Illinois case was filed in 2007.
In an earlier case filed in 2004, UTStarcom had sued Starent, claiming that Starent’s ST-16 Intelligent Mobile Gateway product infringed on two UTStarcom patents. Starent managed to get a summary dismissal of the case in 2005.
Earlier this month, Starent won approval in the Illinois case to dismiss claims related to one of the four patents UTStarcom asserted was being infringed. According to court documents, the suits related to patents, employees and trade secrets that came to UTStarcom when it purchased a business line from 3Com Corp.
On Monday, Starent said it was being bought by Cisco in a cash-for-stock deal worth $2.9 billion. The mobile networking infrastructure equipment maker says the deal is expected to close during the first half of 2010.
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