Apple to pay $24.9 million in lawsuit

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Apple agreed to pay $24.9 million in restitution to Dynamic Advances and Rensselaer Polytechnic Institute to resolve a 5-year lawsuit accusing Siri of infringement.

Apple will pay a total of $24.9 million to Dynamic Advances‘ with $5 million to be paid after the lawsuit is dropped and the rest to follow later. Apple will also be granted a license to use the technology under the terms of the agreement.

Approximately 50% of the funds will be paid to Rensselaer, however, the royalty rate proposed is still being finalized.

A trial had been scheduled to begin early next month in Syracuse, NY. Dynamic Advances first filed the lawsuit in October 2012 and is in regards to U.S. patent No. 7177798 B2.