Samsung settles patent dispute with Kodak

ROCHESTER, NEW YORK: Eastman Kodak says electronics maker Samsung Electronics has agreed to pay the photography company an undisclosed sum to settle a patent dispute over digital-camera technology.

The announcement comes five days after the International Trade Commission ruled that Samsung, based in Seoul, South Korea, infringed two Kodak patents.

Kodak alleged in a lawsuit in Rochester in November 2008 that camera phones made by Samsung violated various patents it obtained between 1993 and 2001.

Under the settlement, Kodak says Samsung agreed to pay an unspecified nonrefundable payment this year. The companies also agreed to negotiate a technology cross-licensing deal.