Apple Inc. (AAPL) Loses Injunction on Samsung Phone Sales

Apple Inc.The Apple Inc. (NASDAQ:AAPL) U.S. court battle vs. Samsung Electronics Co. Ltd., took a turn against the U.S. smartphone maker late Thursday, when a federal appeals court lifted the preliminary injunction against sales of the Samsung Galaxy Nexus smartphone and questioned Judge Lucy Koh’s handling of the injunction.

The appeals court was reviewing the injunction at the request of Samsung, which had the preliminary ban imposed and suffered a $1 billion damage award to Apple Inc. (NASDAQ:AAPL) by a U.S. jury in August over infringement of several patents that were found to be in as many as 20 Samsung devices. However, in the ruling by the appeals court, Samsung was given a reprieve because the appeals court said that Apple Inc. (NASDAQ:AAPL) has not sufficiently proven “immediate and irreparable” damage to its smartphone sales. With that, the court lifted the preliminary injunction, allowing Samsung to again sell the Nexus smartphone in the U.S. pending Samsung’s full appeal of the jury award – and the trial itself, as Samsung is challenging the jury decision on several technical grounds.

Judge Koh is still weighing the merits of Samsung’s motions to set aside the jury award or throw out the case altogether, while Apple Inc. (NASDAQ:AAPL) filed a motion to have the jury damages tripled due to willful infringement of the patents. But Koh was firmly rebuked in her injunction, as the appeals court said she “abused her discretion” in dealing with the injunction, which brought into question her ability to handle the case in general.

Apple Inc. (NASDAQ:AAPL) may still push for a permanent injunction on the Galaxy Nexus while it is in the process of securing the jury award, especially now that the Nexus will be allowed to be sold in the U.S. alongside Apple Inc. (AAPL) devices. But how this decision of the appeals court will affect investors in Apple stock like billionaire fund manager Julian Robertson of Tiger Management may not be significant, but the ultimate resolution of this case may be a impact – especially if Apple Inc. (NASDAQ:AAPL) fortunes change.

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 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

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!