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Apple and Samsung CEOs fail to reach settlement

August 21, 2012 by Anthony Domanico - Leave a Comment

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Judge Lucy Koh asked the CEOs of Samsung and Apple yesterday to try one more time to reach a settlement before the patent trial of the century goes to the jury. Samsung CEO Kwon Oh Hyun and Apple CEO Tim Cook did speak yesterday, though Samsung attorney Kevin Johnson informed Judge Koh that there was no resolution made, ensuring the jury will ultimately resolve the issue as it sees fit. Apple is demanding $2.5 to $2.75 billion in damages from Samsung’s alleged patent infringements, and Samsung is seeking nearly $400 million in a counter-suit against Apple.

The case moves to closing arguments today, and jury instructions will be read this afternoon with the jurors beginning their deliberations on Wednesday.

[via The Verge, Reuters]

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