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

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!