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.
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