Business
IT firm Micro Focus to appeal jury ruling on $172.5 million damages in patent claims
(Reuters) – IT firm Micro Focus International Plc on Monday said it would appeal a Texas jury verdict asking it to pay $172.5 million in damages to Wapp group in a patent litigation.
In 2018, Wapp brought up the case against UK-based Micro Focus, on infringing claims of three patents in connection with Micro Focus’ manufacture and sale of certain products in the ADM product line.
“Micro Focus has received comprehensive and clear advice from its external counsel that it has a very strong case to appeal both the infringement verdict and the amount of the damages,” the company said, adding that judge has discretion toincrease the total damages awarded. https://bit.ly/2PK1eTG
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)
-
Business3 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Top Stories3 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Investing3 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories3 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says