Barnes & Noble Settles eReader Lawsuit

Barnes & Noble has settled a lawsuit brought by tech company Spring Design, who alleged that the Nook used patents from its Alex eReader in November 2009.

B&N explains more in a press release: “Under the terms of the settlement agreement, Spring Design will grant Barnes & Noble a non-exclusive, paid-up royalty free license for the entire portfolio of Spring Design patents and patent applications. The terms of the settlement are otherwise confidential. The settlement agreement announced today resolves all claims brought by Spring Design, which will be dismissed with prejudice.”

Eugene V. DeFelice, Vice President, General Counsel and Secretary of Barnes & Noble had this statement: “We are pleased to put this matter behind us. NOOK ColorTM and NOOKTM, together with Spring Design’s patents and patent applications, have become two of our most innovative and highly-sought after devices. Barnes & Noble is pleased to add Spring Design’s patents and patent applications as a complementary addition to our rapidly growing digital portfolio.”