Elan Microelectronics is denying rumors that it has settled a patent lawsuit directed against Apple, according to a Taiwanese news site. The case was originally launched in April of last year, and accuses Apple of violating two multi-touch patents by way of the iPhone, iPod touch and MacBook. The settlement would allegedly be worth $70 million, but Elan insists that the issue is still in front of the US' International Trade Commission.
