Back in June, Dolby began a law suit against Research In Motion, seeking to stop sales of BlackBerry smartphones and PlayBook. The lawsuit alleged that RIM infringed on audio patents for enhancing the sound quality of the speakers in BlackBerry devices.

RIM is said to be paying “standard terms” to settle the lawsuit. While the financial terms were not disclosed, in a conference call last month with analysts, Dolby said they hoped to receive $15 million in back royalties, as well as interest income.

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The patents cover ways to compress digital audio files using less storage while maintaining quality. The technology has been incorporated into an industry standard for audio coding, and Dolby said it sued when RIM refused to sign a licensing agreement even though it used the standard in the BlackBerry Storm, Tour, Pearl, Curve and Torch models, and the PlayBook.

via Bloomberg