Samsung LED Settlement Worth $150 Million, Nanotech Firm Says

An employee of Samsung Electronics walks past LED lighting drums displayed for visitors at a showroom at the company's headquarters in Seoul, South Korea, on Oct. 28, 2011. Jo Yong-Hak/Reuters

Samsung Electronics Co. has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung’s LED televisions, Nanoco and an investor in its cases said Friday.

Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the “transfer of certain patents,” resolves litigation in the United States, Germany and China.