“Apple and advanced battery maker A123 Systems say they have nearly settled a federal lawsuit accusing Apple of poaching A123’s scientists and engineers to build a competing battery business,” Curt Woodward reports for The Boston Globe.
“The lawsuit, which was filed early this year, lifted the veil on the typically secretive inner workings at Apple,” Woodward reports. “It has added fuel to news reports that Apple is researching the possibility of building an electric car, a project that Apple has not confirmed.”
“On Tuesday, a federal judge granted A123 more time to finalize the settlement with Apple,” Woodward reports. “In a court filing, the two sides reported that they “have reached an agreement, signed a term sheet, and are in the process of drafting a final settlement agreement.””
Read more in the full article here.
MacDailyNews Take: Good to hear.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
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