Samsung and Apple have been fighting it out in court since 2011 over patents relating to the iPhone, Samsung were found previously to have copied Apple and ordered to pay $1 billion in damages.
Over the last seven years the two companies have been to court numerous times, Samsung managed to get the damages reduced over that time.
Earlier this month Samsung challenged the latest ruling of $539 million in damages, they post the appeal and now it would appear that the two companies have now come to some sort of agreement.
A recent filing with a court in the US confirmed that the two companies have now settled their lawsuit, you can see a section from the filing below.
Plaintiff Apple Inc. and Defendants Samsung Electronics Co., Ltd., Samsung Electronics America, Inc., and Samsung Telecommunications America, LLC would like to inform the Court that they have agreed to drop and settle their remaining claims and counterclaims in this matter.
IT IS HEREBY STIPULATED AND AGREED, by and between the parties and subject to the approval of the Court, that pursuant to Federal Rules of Civil Procedure 41(a) and 41(c), all remaining claims and counterclaims in this action are hereby dismissed with prejudice, to the extent such are still pending, and all parties shall bear their own attorneys’ fees and costs.
As yet there are no details on the exact terms of the settlement between the two companies, it is good to see this coming to an end finally.
Source MacRumors