Tessera sues Sony for non-payment of loyalty

Reuters News
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Posted: May 27, 2011 7:48 AM
Tessera sues Sony for non-payment of loyalty

(Reuters) - Tessera Technologies Inc sued Sony Corp in the California state court alleging breach of contract due to non-payment of royalties.

"Under our agreement with Sony, we have the right to examine and audit Sony's records regarding amounts due, as we typically have with all our licensees," said Chief Executive Robert Young.

The lawsuit is distinct from the patent infringement suit Tessera brought against Sony Corp, Sony Electronics and Renesas Electronics Corp in October, last year.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel)