February 18, 2011 / 12:24 PM / in 8 years

UPDATE 1-Wi-LAN settles lawsuit with CSR

* CSR to sign multi-year licensing agreement with Wi-LAN

* Terms of the deal not disclosed

Feb 18 (Reuters) - Canadian patent licensing company Wi-LAN Inc said it agreed to end all litigation with British chipmaker CSR Plc out of court.

CSR will sign a multi-licensing agreement for Wi-LAN’s patent portfolio under the deal, Wi-LAN’s sixth out-of-court settlement in quick succession.

Financial terms of the agreement, to be signed within the next few weeks, were not disclosed.

Last year, Wi-LAN filed a lawsuit accusing 19 computer and phone companies of infringing a patent by selling laptops and cellular handsets enabled with Bluetooth technology.

On Jan. 27, Wi-LAN reached agreements for both the wireless and enterprise units of Motorola to pay it to use its patent portfolio.

Ottawa-based Wi-LAN’s shares closed at C$6.15 on Thursday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore)

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