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The city has made payments to settle civil suits over wrongful incarcerations.
Another $36 million or so in revenue came from advertising sold in lieu of receiving payments to settle legal disputes.
NEC will make the payments to settle disputes that stem from a 1995 licensing agreement, InterDigital said.
Section 104 of the Internal Revenue Code generally excludes from taxes payments to settle personal injury claims.
On Thursday, the bank reported a widely expected 63 percent drop in fourth-quarter profit after making huge payments to settle legal claims over its mortgage business.
After accounting for payments to settle Enron shareholder claims, the bank said it lost 1.91 billion Canadian dollars ($1.6 billion) in the quarter ended July 31.
Similar(33)
The two companies agreed to split a $512 million payment to settle a class-action suit by more than 130,000 customers.
The agreement also includes a $4.9bn payment to settle economic claims by the Gulf states of Alabama, Florida, Louisiana, Mississippi and Texas and up to $1bn to resolve claims by 400 local government entities.
For the fourth time in less than a year, New York City has agreed to make a large payment to settle a lawsuit claiming violence against a city inmate.
Earlier in the day, WestLB of Germany agreed to pay $75 million and Caboto Holding of Italy agreed to a $37.5 million payment to settle their liabilities in the lawsuit.
Justice Department officials announced the settlement in a news conference Tuesday afternoon in Boston, saying a $150 million payment to settle criminal charges was the largest such payment ever by a manufacturer of adulterated drugs.
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