Posted by: youngragingbull | March 1, 2013

Apple’s legal winnings from Samsung cut nearly in half

Apple Inc. on Friday had its $1.05 billion award from a patent-infringement case with Samsung Electronics nearly cut in half by a U.S. district court judge.

The ruling by judge Lucy Koh in the U.S. District Court for the Northern District of California reduced the jury’s damages in the case by $450.5 million, to $599 million on the grounds that Samsung deserves a new trial on claims that several of its smartphones violated Apple patents.

Apple had been seeking an increase in damages in the case that involves 14 Samsung smartphones.

Apple shares were down by $10, or more than 2%, at $431.28 after the ruling was made public.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Follow

Get every new post delivered to your Inbox.

Join 199 other followers

%d bloggers like this: