Small Company Takes A Bite Out Of Apple In Infringement Case
A federal judge in Texas ruled Apple infringed on a much smaller company's patents dating back to 1999. The tech giant paid nearly $533 million.By Cliff Judy | February 25, 2015
A federal jury in Texas took a big chunk out of Apple's bank account late Tuesday, though the company is certainly able to handle most any fine thrown its way. The jury ordered the tech giant to pay a much smaller company nearly $533 million for patent infringement. (Video via Apple)
That company is Texas-based Smartflash LLC, which sued for more than $850 million.
Smartflash sued Apple and three other companies in May 2013 based on patents like this one filed as far back as 1999. The company contended, in part, Apple used Smartflash's patents in iTunes and said that infringed its patents for accessing and storing downloaded songs, videos and games.