Miami consumers are likely aware of the litigation currently pending between Apple Inc. and Samsung Electronics. The business litigation surrounds Apple's accusations that Samsung has copied designs of Apple's iPad and iPhone, while at the same time Samsung is countering that Apple drew inspiration for its product from Sony Corp. Last week, the trial officially began with its initial rounds of testimony.
Intellectual property rights are a serious matter for companies that develop and distribute new products. When these rights are infringed upon by competing companies, the wronged company is harmed, and business litigation is often the result. Florida readers may know of Cree, the U.S. LED lighting developer. It has been engaged in patent infringement litigation with SemiLEDs, a Taiwanese company that manufactures LED chips and components. It was recently reported that the two have finally agreed to come to a settlement.