Saturday, February 23, 2013
Carnegie Mellon seeks up to triple damages in Marvell patent case
Reuters: Carnegie Mellon University is asking a court to make Marvell Technology Group Ltd pay up to three times the $1.17 billion jury verdict that the chipmaker was ordered to pay in December for patent infringement.
The university filed papers Monday in U.S. District Court in Pittsburgh, Pennsylvania, saying Marvell knew it was using Carnegie Mellon patents wrongfully and should pay up to triple damages as a result. Carnegie Mellon also is seeking $321 million in pre-judgment interest.
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3 comments:
Wait..... so Marvell could end up just not paying CMU for the results of this case? The article says they have not been setting aside money, or at least they don't mention it in their regulatory filings. I am now wondering what the point is, then..... Marvell may not be able to afford such a lofty penalty. Sure, its great that CMU won this case. But only if it ends up being worth it for the University and this article seems to make it sound like it won't be.
I think this cases is a little excessive... I see where CMU is coming from but at the same time how much is it really worth? I feel for CMU now to demand interest is a little ridiculous... CMU already will be getting a vast sum of money without interest. If interest is paid in addition to the original settlement than it very well could bankrupt the company. Additionally what is CMU going to do with all that money? I know they won't be handing out that many more scholarships...
Brian keyed into a phrase I saw too - Marvell hasn't set aside any money for paying Carnegie Mellon, so if it increases even more as a result of the judge's injunction, the company may not pay it until they are ordered to by a judge or they declare bankruptcy and pay it out of that (I guess is a viable solution)... The patents owned by this University are staggering, and the power they have to essentially double down on their initial win is astounding.
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