Exar settles with Phenix

Exar Corporation (NYSE: EXAR) has entered into a settlement agreement and patent license agreement that resolves all pending litigation in the Eastern District of Texas brought by Phenix, LLC, the company said.

The suit had alleged that certain of Exar´s integrated circuit products infringed one of its patents. The parties agreed that this settlement shall not be construed as an express or implied admission of misconduct, responsibility or any liability whatsoever on the part of the parties or anyone else.

The terms of the settlement agreement and patent license agreement are confidential.

Exar was represented by the Boro Law Firm, Sidley Austin LLP and Findlay Craft PC.

Exar designs, develops and markets analog mixed-signal products for the industrial and embedded systems communications, high-end consumer and infrastructure markets. Exar´s broad product portfolio includes power management, signal conditioning, interface, display, data management and video processing solutions.