Tessera Subsidiary Settles Litigation With ChipMOS - Quick Facts

(RTTNews) - Tessera Technologies Inc. (TSRA) announced its Tessera, Inc. subsidiary has reached a settlement with ChipMOS Technologies Inc. and ChipMOS U.S.A., Inc. (IMOS). ChipMOS will make a payment to Tessera, Inc. The companies have not disclosed the full terms and conditions of the settlement agreement.

Tessera Inc. agreed to dismiss its claims against ChipMOS relating to Tessera Inc.'s patent infringement action pending in the United States District Court, Northern District of California.

Tessera Technologies said it is making no adjustment to its fourth-quarter financial guidance given on Nov. 6, 2013.