ANET/CSCO Litigation Settled…

Cisco, Arista agree to dismiss all patent litigation

Cisco Systems (NASDAQ:CSCO) and Arista Networks (ANET +2.3%) have a peace deal over their patent fight, with an agreement to dismiss all ITC and district court lawsuits.

Arista will pay Cisco $400M, and in return get a release for all claims of infringement in pending litigation.

Arista in turn will grant Cisco a release from antitrust claims.