Business Wire·Aug 11, 2026, 10:14 AM ET

Sterne Kessler Client Netlist Negotiates Five-Year Patent Alliance with Samsung

Sterne, Kessler, Goldstein & Fox served as lead ITC counsel to Netlist, Inc. in a patent infringement case against Samsung Electronics Co., Ltd.
Netlist & Samsung reached a comprehensive settlement after nearly a year of litigation at the U.S. ITC.
The new five-year agreement includes a patent cross-license granting Samsung access to Netlist's entire patent portfolio, including server DIMM & High Bandwidth Memory technologies.
The deal could result in up to $898 million in patent licensing fees paid to Netlist over the five-year term.
Samsung agreed to a strategic supply arrangement to provide up to $1.5 billion of DRAM & NAND products to Netlist over the next five years.
Samsung will purchase 10 million shares of Netlist common stock as part of the settlement.
Pending litigation before the U.S. ITC & the Eastern District of Texas has been resolved, though Netlist will continue defending its patents in CAFC appeals, IPR proceedings, & district court actions involving third-party manufacturers.
Since 2024, Sterne Kessler also acted as Netlist's lead counsel at the PTAB, the U.S. Court of Appeals for the Federal Circuit, & in USPTO reexamination proceedings.
The legal team was led by directors Will Milliken, Richard Bemben, & Danny Yonan, with additional support from directors Donald Banowit & Lauren Watt.