via CNN
Samsung plans to challenge a U.S. court ruling that recommends more than $1 billion in damages to Apple over a patent dispute.
A federal jury recommended Friday that Apple be awarded the damages after finding Samsung guilty of “willful” violations of a number of Apple’s patents in the creation of its own mobile products.
In a statement, Samsung said it will “move immediately to file post-verdict motions to overturn this decision in this court, and if we are not successful, we will appeal this decision to the court of appeals.”
The jury did not recommend awarding Samsung any money in its counterclaims that Apple had violated some of its patents.
“This is a huge win for Apple,” Mark Lemley, a Stanford law professor, said in an e-mail. The award “is just large enough to make it the largest surviving patent verdict in history.”
In aftermarket trading, Apple stock jumped more than $12 a share, to more than $675 a share.
Samsung said the verdict should be viewed “as a loss for the American consumer.”
Read Full Story
Article courtesy cnn.com
Like NewsTalk on Facebook to stay on top of your Black America News:
-
Recent Updates
- NYC Parks Worker Finds Artist’s Wedding Ring, Gets Repaid With Free Art Lessons
- Man Allegedly Poses As Doc, Treats 500 Patients Over 6 Month Period
- Navy Week Anchors In Cleveland !
- Man Robs Cleveland Heights Gas Station Leaves ID Behind!
- Do Cubans Get Better Health Care Than Americans?
- Samsung To Fight $1 Billion Court Ruling In Apple Patent Dispute
- Tropical Storm Isaac Delays Republican National Convention
