LG and Samsung move closer to patent peace, Galaxy Note 10.1 injunction request dropped

LG (066570) and Samsung (005930) are nearing patent peace. Shortly after reports surfaced that claimed the two companies would settle their patent infringement lawsuits behind closed doors, Samsung dropped its injunction request that sought to block LG Display (LPL) from using its OLED technology. LG on Wednesday followed suit and abandoned its preliminary injunction request against Samsung’s Galaxy Note 10.1 tablet. The company said in a statement that it will seek “an alternative solution through an amicable negotiation with Samsung to clarify the respective rights and duties of each party and analyze the proper value of the patents.” LG Display’s full statement follows below. LG Display [NYSE: LPL, KRX: 034220], a leading innovator of display technology, announced today that it has

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