Apple Hit with $533 Million Judgment in Patent Trial
Article Comments 1
Feb 25, 2015, 8:39 AM by Eric M. Zeman
Apple was found guilty of infringing on three patents held by a company called Smartflash and must pay the firm $532.9 million. A federal jury in Texas reached the verdict Tuesday and said Apple violated the patents willfully. According to Smartflash, Apple's iTunes software uses its patented technology for storing and retrieving music, movies, and games. Apple was disappointed with the verdict and railed against Smartflash, which is a patent holding firm. "We refused to pay off this company for the ideas our employees spent years innovating and unfortunately we have been left with no choice but to take this fight up through the court system," said Apple in a statement provided to Reuters. Smartflash has filed similar lawsuits against Google, HTC, and Samsung.
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Patent Holding Firms.
However, if an entity legitimately owns a patent, I cannot fathom way a company does not use the R in R&D to verify such a patent before assaulting a full scale production of somebody else's property without licensing it or even purchasing it.
Laws need to change but anyone thinking they are above the law, is pure arrogance and accountability should be held.