Samsung Settles Mobile Payment Patent Suit Days Before Trial

On the eve of a trial that was scheduled to begin Monday in the Western District of Texas, Samsung agreed Thursday to resolve a suit by Proxense LLC alleging the Samsung Pay feature on its smartphones infringes three biometric authentication patents.

David L. Hecht of Hecht Partners LLP, co-lead counsel for the company, said Thursday that "Mr. Giobbi, CEO and chief inventor of Proxense LLC, is thrilled with the result that we achieved, although he was looking forward to telling the story of his many inventions to the world."