Apple Inc. (AAPL) Can’t Keep All Its Secrets, Judge Says

Apple Inc. (AAPL)Apple Inc. (NASDAQ:AAPL) has been fighting a hard battle across several countries on a couple of continents, trying to protect and defend its intellectual property that comes in the form of trademarks and patents.  In the process, the company has been very protective of its financial information regarding its devices, of which Samsung Electronics Co. Ltd. claimed violated its patents.

In a U.S. court, where Apple Inc. (NASDAQ:AAPL) won an initial $1 billion award against Samsung by a jury that determined that several Apple patents were infringed, Judge Lucy Koh ruled this week that in order to determine the proper final award in this proceeding – Apple Inc. (AAPL) is asking Judge Koh to triple the jury award due to willfull infringement on the part of Samsung – she would have to put financials in the public record as part of the court proceeding.

She denied Apple’s request to suppress the information, and instead ordering that the documents be unsealed. What is the big deal? Financial information from publicly traded companies is made available to investors, analysts and others every quarter. Yes, but this file is different, according to sources – this is very detailed information about the various iDevice models that Apple Inc. (NASDAQ:AAPL) has had featured in this trial. There is information that is very specific to each model, including profit margin, units, revenue, profits and cost data, among other things. Judge Koh says at seeing this information is an important tool in determining the proper award of damages to award. Apple Inc. (NASDAQ:AAPL) maintains that this information constitutes a trade secret and should be protected as such, but Judge Koh disagreed.

Koh said in her denial of the Apple Inc. (NASDAQ:AAPL) to suppress that the company “cannot both use its financial data to seek multi-billion dollar damages and insist on keeping it secret.” However, as an offer of grace or mercy, Koh did say the data would not be unsealed until after the U.S. District Court of of Appeals has heard the request by Apple Inc. (NASDAQ:AAPL) to appeal the decision. Investors like billionaire fund manager David Einhorn of Greenlight Capital might be interested to look inside the numbers, no?

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!