Apple, Burst Reach Settlement

An anonymous reader writes "In 2005, Microsoft settled Burst's lawsuit for infringements on media player patents for $60 million. Many thought that Apple would be a ripe target next. However, Apple successfully voided 14 out of 36 Burst.com's patent claims in their iPod lawsuit. Apple would have gone after the remaining 22 claims. Today, Market Wire announced that the case was settled out of court: "Apple agreed to pay Burst a one-time payment of $10 million cash in exchange for a non-exclusive license to Burst's patent portfolio, not including one issued U.S. patent and 3 pending U.S. patent applications related to new DVR technology. Burst agreed not to sue Apple for any future infringement of the DVR patent and any patents that might issue from the pending DVR-related applications." The big winner would be the lawyers who reduced the settlement to approximately $4.6 million."

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[Source: Slashdot: Apple]