Apple Inc. (AAPL) Seeks Another $700M From Samsung

Apple Inc.Apple Inc. (NASDAQ:AAPL) is certainly acting like its not satisfied with its $1.05 billion patent-infringement award from its landmark U.S. trial against Samsung Electronics Co. Ltd., and is apparently ready to put U.S. District Judge Lucy Koh on the spot to decide between two extremes – either accept the jury decision and tack on additional damages requested by Apple, or take Samsung’s motion and throw out the jury verdict due to jury misconduct and start all over.

As we reported here yesterday, Apple Inc. (NASDAQ:AAPL) and Judge Koh were inundated with a number of documents filed by Samsung Monday that not only challenges the damage award, but makes claims of jury misconduct and is seeking to get the entire trial thrown out and to start over. In papers filed by Apple lawyers, not only does Apple seek the $1 billion already awarded, but counsel has laid out a case for another $707 million in damages, with more than $530 million specifically addressing design and utility patents that the jury determined Samsung infringed.

In its filing, Apple Inc. (NASDAQ:AAPL) counsel wrote that this additional award should be considered “a rational and fair effort to address Samsung’s willful misconduct that has and will impose lasting harm on Apple.”

On the other side, Samsung Electronics Co. Ltd. filed motions asking for the award to be thrown out because of evidence that members of the jury acted inappropriately and didn’t follow Judge Koh’s instructions to consider only the evidence in the trial, claiming that jurors considered outside information or their own “expertise” about patent law in order to make their decision.

Samsung also claims that Apple Inc. (NASDAQ:AAPL) was given patent protection on its design that was too generic, with its lawyers writing, “It is unfortunate that patent law can be manipulated to give one company a monopoly over rectangles with rounded corners, or technology that is being improved every day by Samsung and other companies.”

This drama will likely continue, as it will be hard to imagine that Judge Koh will dismiss both motions – she may likely consider Apple Inc. (NASDAQ:AAPL) and award more damages, or she will give credence to Samsung’s motions and throw out the decision altogether. This will likely stil be something to be watched by investors in Apple stock, including hedge-fund manager Chase Coleman of Tiger Global Management LLC.

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

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

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!