$70M Spansion, Samsung Patent Deal Rebuffed

Law360, New York (June 03, 2009) -- The judge overseeing Spansion Inc.'s Chapter 11 proceedings has rejected the flash memory solutions provider's bid for authorization to enter into a patent litigation settlement and licensing deal that called for Samsung Electronics Co. Ltd. to pay Spansion $70 million.

On Tuesday, Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware issued a memorandum opinion and an order denying Spansion's April 3 motion....