CHICAGO, IL—GLS Capital, one of the world’s largest private investment firms focused on litigation finance, announced today its financial partnership with Nanoco Technologies in its patent litigation against Samsung Electronics Co. in U.S. District Court and related proceedings in the U.S. Patent and Trademark Office (USPTO), Germany and China.
Shortly before the start of trial in the U.S. District Court case, the parties agreed to stay the proceedings to finalize a settlement agreement. Samsung has now agreed to pay $150 million to settle the litigation in a deal called “transformative” by Nanoco that includes a license agreement and the transfer of certain patents.”
Nanoco (LSE: NANO) is a pioneer and world leader in the development and manufacture of cadmium-free nanoparticles known as quantum dots. Nanoco alleged that Samsung’s QLED televisions infringe several fundamental Nanoco patents related to the synthesis and use of quantum dots. The Nanoco v. Samsung dispute also included the successful defense of five Inter Partes Review petitions in the USPTO, in which all challenged patent claims were upheld. On January 6, 2023, Nanoco announced that a term sheet for settlement of the litigation had been agreed to.
