Texas Jury Orders Apple To Pay Smartflash $533 Million In Damages
February 26, 2015 at 5:51 AM (PT)
A federal jury in TEXAS has ruled that APPLE must fork over $533 million in damages after losing a patent lawsuit case tied to iTUNES. CNET reports the jury found, "APPLE infringed on three patents held by patent licenser SMARTFLASH. The patents in question concern digital rights management and other inventions related to data storage and payment systems for mobile devices. SMARTFLASH had accused APPLE of intentionally using its patented inventions in the iTUNES STORE and APP STORE."
APPLE will reportedly appeal the U.S. District Court's verdict.
"SMARTFLASH lead counsel BRAD CALDWELL called the verdict 'well-deserved and long-overdue recognition,' according to statement that SMARTFLASH sent to CNET on WEDNESDAY. 'Ultimately, the jury saw through APPLE's arguments and reached the right result,' he said."
APPLE also commented, telling CNET, "SMARTFLASH makes no products, has no employees, creates no jobs, has no U.S. presence, and is exploiting our patent system to seek royalties for technology APPLE invented. We refused to pay off this company for the ideas our employees spent years innovating and unfortunately we have been left with no choice but to take this fight up through the court system."