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20 March 2013 - 11:59 AMT

Samsung to drop LCD patent suit against LG – report

Samsung Display Co., the world's biggest display maker, has decided to drop a patent suit against LG Electronics Co. over liquid-crystal display technologies, paving the way for both sides to end a long-running legal battle, Yonhap news agency reported citing industry sources.

The two display giants have been embroiled in a patent tussle over organic light-emitting diode (OLED) and LCD technologies that broke out on the heels of a police investigation into an alleged leak of technologies from Samsung Display to LG Display last year.