Tessera Files New Legal Action Against Sony

Tessera Technologies TSRA today announced that its wholly owned subsidiary Tessera has filed a complaint against Sony Corporation in the California State Court of Santa Clara County alleging breach of contract, breach of the covenant of good faith and fair dealing, and seeking declaratory relief. “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 Robert A. Young, president and chief executive officer, Tessera Technologies, Inc. “We are bringing this suit because Sony has not paid all of the royalties owed to us under the contract.” To avoid confusion, please note that the breach of contract suit announced today is distinct from the patent infringement suit Tessera, Inc. brought against Sony Corporation, Sony Electronics, Inc., and Renesas Electronics Corporation (the merged entity of NEC Electronics and Renesas Technology Corp.) in the United States District Court for Delaware on Oct. 1, 2010.