SAP Paying Oracle $306 Million In Copyright Damages
SAP will be paying Oracle Corporation $306 million to settle damagers over a copyright infringement lawsuit and to avoid a new trial. The proposed agreement requires court approval and would clear the way for Oracle to ask the 9th U.S. Circuit Court of Appeals to restore a $1.3 billion jury award in the lawsuit according to a joint filing at a federal court in Oakland, California.
The two companies agreed to the price in order “to save the time and expense of this new trial, and to expedite the resolution of the appeal.” A jury in Northern California had determined that Oracle should be given $1.3 billion over accusations that SAP subsidiary TomorrowNow had downloaded millions of Oracle files.
The proposed agreement confirms that Oracle should recover $120 million for legal bills, which has already been paid. The case was filed under Oracle USA Inc et al v. SAP AG et al, U.S. District Court, Northern District of California, No. 07-01658.
[BI]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry