Apple ordered to disclose HTC pact terms

Saturday, November 24, 2012

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Apple has been ordered by a federal judge to disclose licensing terms of a settlement with HTC Corp. as part of its patent lawsuit against Samsung Electronics Co.

U.S. Magistrate Judge Paul Grewal in San Jose said in an order Wednesday that financial terms of licensing agreements for other third parties have been disclosed in the patent-infringement case between Apple and Samsung. He ordered Apple to produce a copy of the agreement under an "attorneys-eyes-only" designation, meaning it won't be publicly available.

In August, Apple won a $1.05 billion patent-infringement verdict against Samsung after a jury trial in San Jose. U.S. District Judge Lucy Koh scheduled a Dec. 6 hearing for Apple's bid for a permanent U.S. sales ban on eight Samsung smartphone models and the Tab 10.1 tablet computer. She will also consider Samsung's bid to get the verdict thrown out based on claims of juror misconduct.

PHARMACEUTICALS
Map rises on FDA review bid
Shares of Map Pharmaceuticals rose the most in almost three years after its resubmission for an inhaled migraine medication was accepted by regulators.

The stock gained 20 percent to close at $15.42 Friday, the largest single-day jump since January 2010. The Mountain View company had declined 2.7 percent this year.

In March, the Food and Drug Administration rejected Map's drug, Levadex, mostly because of manufacturing issues, Chief Executive Officer Tim Nelson said at the time. The agency accepted the company's resubmitted bid on Wednesday, with a date for potential approval by April 15, Map said.

Levadex is an inhaled form of dihydroergotamine, a 60-year-old migraine drug usually given by injection.

ENERGY
Spain's Repsol sues Chevron
Chevron has five days to respond to a lawsuit from Spain's Repsol oil company for entering into an agreement with former Repsol subsidiary YPF to develop reserves in Argentina, documents from the Spanish court where the case is filed show.

The Mercantile Court in Madrid gave the San Ramon company 20 working days from Oct. 26 to answer the suit or risk being excluded from the process, the documents show.

The court agreed to consider the case in the same decision, saying it has the jurisdiction to do so.

Repsol is suing Chevron after it signed a memorandum of understanding with YPF to study tapping wells in Vaca Muerta shale formation. The deal was made after Argentina expropriated Repsol's majority stake in YPF, a decision the Spanish company says is illegal and for which it is seeking $10.5 billion in compensation from the Argentine government.
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