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?

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!