Tags: marvell | jury | patent | case

Jury Orders Marvell to Pay $1.17 Billion in Patent Case

Wednesday, 26 Dec 2012 03:29 PM


A federal jury on Wednesday ordered Marvell Technology Group Ltd. to pay $1.17 billion in damages in a patent infringement lawsuit brought by Carnegie Mellon University, court records show.

Marvell was accused of infringing patents for technology to increase the accuracy with which hard disk drive circuits read data from high-speed magnetic disks, lawyers for Pittsburgh-based Carnegie Mellon said.

The damages award was detailed in a verdict form made public in U.S. district court in Pittsburgh.

The verdict included a finding that the infringement was willful, which could let the trial judge award triple damages, Carnegie Mellon lawyers said.

Marvell could not immediately be reached for comment. Its shares fell after the verdict was announced Wednesday. In late Nasdaq trading the shares were down 89 cents, or 11 percent, at $7.36.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved