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Stock impact report

Nokia halts legal action against Daimler with mediation offer [Reuters]

VALEO SE S/ADR (VLEEY) 
NASDAQ:AMEX Investor Relations: arkema.com/en/investor-relations
Company Research Source: Reuters
Nokia halts legal action against Daimler with mediation offer BRUSSELS (Reuters) - Finnish telecoms equipment maker Nokia ( NOKIA.HE ) has called a temporary halt to legal action against Daimler ( DAIGn.DE ) in the hope the German carmaker will be open to mediation in their dispute over technology licensing fees. Daimler, along with Bury Technologies, Continental ( CONG.DE ), Valeo ( VLOF.PA ) and Thales-owned ( TCFP.PA ) Gemalto had complained to the European Commission this year about fees demanded by Nokia for patents crucial to car communications. Nokia’s case in pursuit of fees from Daimler has thrown a spotlight on the wider battle between tech companies and the car industry over royalties for technologies essential for navigation systems, vehicle communications and self-driving cars. Nokia has in recent years initiated 10 court cases against Daimler in Germany for alleged patent infringements. Daimler, meanwhile, has issued its own lawsuits against Nokia. However, Nok Show less Read more
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