Court: Oracle owed interest by SAP in settlement
Business Law
A U.S. District Court judge said SAP AG owes Oracle Corp. interest on the $1.3 billion it has been ordered to pay Oracle for copyright infringement, Bloomberg reports.
Walldorf, Germany-based SAP said the interest works out to about $16.5 million according to the calculation ordered by U.S. District Judge Phyllis Hamilton in Oakland.
Oracle, which has its headquarters in Redwood City, says it is owed $211.7 million in interest.
A jury in November ruled that SAP should pay Oracle $1.3 billion for allowing a now-defunct subsidiary to steal Oracle-owned software in an effort to lure Oracle customers away.
The verdict was the largest jury award of 2010, the largest ever for copyright infringement and the 23rd largest of all time for any jury verdict, according to Bloomberg data.
Related listings
-
Bank of America stops handling WikiLeaks payments
Business Law 12/18/2010Bank of America Corp. has joined several other financial institutions in refusing to handle payments for WikiLeaks, the latest blow to the secret-releasing organization's efforts to continue operating under pressure from governments and the corporate...
-
MGM restructuring plan approved by court
Business Law 12/03/2010Struggling U.S. movie studio Metro-Goldwyn-Mayer Inc.(MGM) said Thursday its restructuring plan has been approved by a federal bankruptcy court, allowing it to emerge from bankruptcy protection.Under the new plan, the company's lenders will exchange ...
-
Supreme Court Ends Tiffany's Fight Against eBay
Business Law 11/30/2010The Supreme Court declined to hear an appeal by Tiffany's in its ongoing suit against eBay, effectively closing the case in favor of the online auction house. The original suit, filed in 2004 and heard in 2007, claimed that eBay was not doing enough ...
Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.
Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.
Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:
• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements
For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.