Samsung will now Pay Apple $548 Million
Last week Samsung agreed to pay Apple $548 million after losing the appellate phase of their patent battle. The payment will come after Apple submits an invoice and will be paid by December 14th. Initially, Samsung, back in 2012, was required to pay Apple $930 million, but the amount has since been lowered due to claims related to “trade dress” being thrown out. Although the legal battles haven’t stopped – there is already another trial set for mid-2016 – Samsung had a few things to say:
Samsung further reserves all rights to reclaim or obtain reimbursement of any judgment amounts paid by Samsung to any entity in the event the partial judgment is reversed, modified, vacated or set aside on appeal or otherwise, including as a result of any proceedings before the [United States Patent and Trademark Office] addressing the patents at issue or as a result of any petition for writ of certiorari filed with the Supreme Court. Samsung notes that the Patent Trial and Appeal Board has issued a final decision of invalidity on the ’915 Patent, and Apple filed a notice of appeal to the Federal Circuit in the USPTO last week. The appeal has not been docketed at the time of this filing.
A Samsung spokeswoman also said that they “are disappointed that the court has agreed to proceed with Apple’s grossly exaggerated damages claims regardless of whether the patents are valid…”.