Immersion to Pay Microsoft $20.75 Million Settlement

Immersion Corp., which develops and licenses touch feedback technology, said it will pay $20.75 million to software maker Microsoft Corp. as part of the settlement of a litigation. The companies agreed to resolve Microsoft's claim under a 2003 sublicense agreement, as well as Immersion's counterclaim that Microsoft breached a confidentiality agreement dated May 2007, Immersion said in a statement.