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Settlement Announced in BlackBerry Patent Dispute

The maker of the hand-held BlackBerry e-mail device has agreed to pay hundreds of millions of dollars to end a patent dispute.

The settlement between BlackBerry maker Research In Motion and Virginia-based NTP was announced Friday. The companies said the $612.5 million payment settles all claims.

NTP filed suit against the Canadian Research in Motion in 2001, saying the wireless BlackBerry device infringed on patents held by NTP. A jury in 2002 sided with NTP.

NTP had asked a federal court in Virginia for an injunction against BlackBerry, which could have created problems for the millions of users of the popular device.

Some information for this report was provided by AP and Reuters.