BlackBerry awarded nearly $815M in arbitration against Qualcomm

BlackBerry has now announced a binding interim arbitration decision awarding BlackBerry $814,868,350.00 in royalty overpayments made to Qualcomm Incorporated.

BlackBerry today has announced a binding interim arbitration decision awarding BlackBerry $814,868,350.00 in royalty overpayments made to Qualcomm Incorporated. As noted, hearings were held in San Diego, California from February 27, 2017 to March 3, 2017 under Judicial Arbitration and Mediation Services rules.

"BlackBerry and Qualcomm have a longstanding relationship and continue to be valued technology partners," said John Chen, Executive Chairman and CEO of BlackBerry. "We are pleased the arbitration panel ruled in our favor and look forward to collaborating with Qualcomm in security for ASICs and solutions for the automotive industry."

Although the decision is interim, a final award including interest and reasonable attorneys' fees will be issued after a hearing on May 30, 2017.

BlackBerry Awarded U.S. $814,868,350.00 in Arbitration Against Qualcomm

WATERLOO, ONTARIO--(April 12, 2017) - BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) announced today a binding interim arbitration decision awarding BlackBerry $814,868,350.00 in royalty overpayments made to Qualcomm Incorporated. A final award including interest and reasonable attorneys' fees will be issued after a hearing on May 30, 2017.

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