Cree (CREE), SemiLEDs (LEDS) Agree to End Patent Infringement Litigation

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Cree, Inc. (Nasdaq: CREE) and SemiLEDs (Nasdaq: LEDS) have agreed to end the parties’ patent infringement litigation. As part of the settlement, SemiLEDs agreed to the entry of an injunction effective October 1, 2012 that prohibits the importation and sale of the SemiLEDs accused products in the United States and has made a one-time payment to Cree for past damages. The remaining claims of all parties have been dismissed without prejudice to the right to assert the claims in the future. Other terms of the settlement are confidential.

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