Verizon settles wireless patent case after losing $175 million jury verdict

Verizon has agreed to settle a patent infringement lawsuit that led to a $175 million verdict against the telecom giant last month, according to a filing in Texas federal court. Verizon and patent holder Headwater Research filed their notice of settlement under seal on Tuesday.

Spokespeople and attorneys for the companies did not immediately respond to requests for comment and more details about the settlement on Thursday. Headwater obtained the jury verdict in July based on allegations that Verizon’s mobile phones, tablets and cellular networks infringed its wireless communications patents.