BlackBerry is getting a huge refund from Qualcomm after a royalty dispute
Qualcomm has to return nearly $815 million to BlackBerry for royalties the Canadian smartphone maker overpaid between 2010 and 2015.
The decision was made out of court as part of a binding arbitration agreement. Qualcomm says it disagrees with the decision, but the agreement is locked in and unable to be challenged. Interest and attorney fees will also be added the total.
The dispute was over royalties BlackBerry paid in advance to Qualcomm, seemingly for use of Qualcomm products or patents. BlackBerry argued that there was suppose to be a cap on those royalty payments that didn’t get applied at the time, while Qualcomm argued that BlackBerry’s payments were supposed to be nonrefundable.