Research In Motion’s $147 Million Patent Penalty Reversed |
| Bloomberg - Aug 9, 2012 |
Research In Motion Ltd. (RIM), the Canadian maker of BlackBerry devices, won a judge’s order overturning a $147.2 million patent-infringement award to rival MFormation Technologies Inc. RIM rose as much as 5 percent.
Jurors in federal court in San Francisco concluded in mid- July that RIM software violated Edison, New Jersey-based MFormation’s patent-protected inventions.
“There was no legally sufficient evidentiary basis” for the jury’s findings, U.S. District Chief Judge James Ware wrote in an opinion yesterday.
MFormation, which makes mobile-device management software, sued RIM in 2008, saying it misappropriated technology learned during failed licensing discussions. RIM denied any wrongdoing.
“We appreciate the judge’s careful consideration of this case,” said Steve Zipperstein, RIM’s chief legal officer, in a statement today.
Read Full Article from Bloomberg
- Posted: 2012-08-09 15:46:27
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