Latest news with #Optis
Reuters
9 hours ago
- Business
- Reuters
Apple wins appeal to overturn $300 mln US patent verdict
June 17 (Reuters) - Apple (AAPL.O), opens new tab has convinced a U.S. appeals court to throw out a $300 million verdict by a jury that found it infringed wireless standard-essential patents owned by IP management company Optis Wireless Technology. The U.S. Court of Appeals for the Federal Circuit on Monday sent Optis' case back, opens new tab to Texas for a new trial after determining that the jury instructions in the previous trial were flawed. The decision marks the second time that a nine-figure U.S. patent verdict for Optis has been overturned in the case. Attorneys and spokespeople for Optis and Apple did not immediately respond on Tuesday to requests for comment on the Federal Circuit ruling. Plano, Texas-based Optis and its affiliates sued Apple in 2019 in Marshall, Texas federal court, arguing that the tech giant's iPhones and other products violated their patent rights in technology related to the LTE wireless standard. A jury found in 2020 that Apple owed $506 million for infringing Optis' patents. U.S. District Judge Rodney Gilstrap ordered a new trial on damages in 2021 after finding the award may not have been in line with Optis' responsibility to license the standard-essential patents on fair and reasonable terms. A new jury awarded Optis $300 million in damages after the retrial later that year. The Federal Circuit on Monday overturned the award and remanded the case for a new trial on both infringement and damages. A three-judge panel said Gilstrap improperly worded the jury verdict form by combining all of the patents at issue into a single infringement question. "The problem with the district court's single infringement question is that it deprived Apple of its right to a unanimous verdict on each legal claim against it," the appeals court said. A UK court separately ruled last month that Apple owes Optis $502 million for infringing Optis' UK wireless patents. Apple has said that it plans to appeal the ruling. The case is Optis Cellular Technology LLC v. Apple Inc, U.S. Court of Appeals for the Federal Circuit, No. 22-1925. For Optis: Willy Jay of Goodwin Procter For Apple: Mark Fleming of Wilmer Cutler Pickering Hale & Dorr Read more: Apple socked with $506 million patent verdict in East Texas Apple wins new damages trial in $506 million patent loss Apple hit with $300 million patent verdict after new Optis trial
Yahoo
02-05-2025
- Business
- Yahoo
Apple ordered to pay Optis $502M in UK patent dispute, Reuters says
Apple (AAPL) has been ordered to pay Optis Cellular Technology $502M for the use of 4G patents in devices including iPhones and iPads, Reuters' Sam Tobin reports, citing a ruling by London's Court of Appeal. Optis filed the suit in 2019 over use of the patents which it said are essential to certain technological standards such as 4G. An Apple spokesperson told Reuters they were 'disappointed by this decision and plan to appeal', adding, 'Optis makes no products and their sole business is to sue companies using patents they buy. We will continue to defend against their attempts to extract unreasonable payments.' Reference Link):( Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on AAPL: Disclaimer & DisclosureReport an Issue Apple Stock (AAPL) Flattened after Ordered to Pay $500M in Historic 4G Patent Dispute Qualcomm price target lowered to $190 from $210 at Susquehanna Qualcomm price target lowered to $200 from $240 at Benchmark electroCore's Truvaga works with Apple Health app Options Volatility and Implied Earnings Moves Today, May 01, 2025 Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
Apple Ordered to Pay $502M in Patent Dispute With Optis; Stock Flat
Apple (NASDAQ:AAPL) was ordered to pay $502 million in a long-running legal battle over 4G technology patents, according to a Thursday ruling by the UK's Court of Appeal. The dispute stems from claims by U.S.-based Optis Cellular Technology that Apple used its standard-essential 4G patents without proper licensing in iPhones and iPads. The case, originally filed in 2019, has gone through multiple rulings, with a 2022 High Court decision finding Apple infringed on two patents. The new judgment overturns a previous UK court ruling that had awarded Optis $56.4 million. The updated amount covers global usage of Optis' patents from 2013 to 2027, excluding interest. Apple said it would appeal, calling Optis a company that "makes no products and their sole business is to sue companies using patents they buy. Optis responded by saying the decision corrected a flawed ruling and acknowledged the true value of its patents. Shares of Apple edged 0.2% lower in Thursday trading, showing little reaction to the court's decision. Apple has faced several similar lawsuits globally as regulators tighten scrutiny around standard-essential patent licensing. This article first appeared on GuruFocus.
Time of India
01-05-2025
- Business
- Time of India
Apple must pay Optis $502 million lump sum in UK patent dispute, court rules
LONDON: Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London's Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular Technology LLC sued Apple in London in 2019 over its use of patents which Optis says are essential to certain technological standards, such as 4G. London's High Court ruled in 2023 that Apple should pay Optis a total of $56.43 million plus interest to cover past and future sales over a set period. But Optis argued that was far too low and challenged the decision at an appeal heard in February and March. The Court of Appeal said in a partially-redacted written ruling that Apple should pay a lump sum of $502 million, not including interest, for the period from 2013 to 2027. The lump sum relates to a global licence to use Optis' patents. An Apple spokesperson said they were "disappointed by this decision and plan to appeal". "Optis makes no products and their sole business is to sue companies using patents they buy," the spokesperson added. "We will continue to defend against their attempts to extract unreasonable payments." Optis did not immediately respond to a request for comment outside U.S. office hours. Thursday's ruling is the latest decision in the legal battle between Apple and Optis over the FRAND (fair, reasonable and non-discriminatory) terms to use Optis' patents.
Al Arabiya
01-05-2025
- Business
- Al Arabiya
Apple must pay Optis $502 million lump sum in UK patent dispute, court rules
Apple must pay a US patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London's Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular Technology LLC sued Apple in London in 2019 over its use of patents which Optis says are essential to certain technological standards, such as 4G. London's High Court ruled in 2023 that Apple should pay Optis a total of $56.43 million plus interest to cover past and future sales over a set period. But Optis argued that was far too low and challenged the decision at an appeal heard in February and March. The Court of Appeal said in a partially-redacted written ruling that Apple should pay a lump sum of $502 million, not including interest, for the period from 2013 to 2027. The lump sum relates to a global license to use Optis' patents. An Apple spokesperson said they were 'disappointed by this decision and plan to appeal'. 'Optis makes no products and their sole business is to sue companies using patents they buy,' the spokesperson added. 'We will continue to defend against their attempts to extract unreasonable payments.' An Optis spokesperson welcomed the ruling, which they said 'corrected a clearly flawed prior ruling and has made meaningful progress toward affirming the true value of our patents to Apple devices.' 'We will continue to ensure fair compensation for the Optis intellectual property that enables high-speed connectivity for millions of devices around the world,' the spokesperson added. Thursday's ruling is the latest decision in the legal battle between Apple and Optis over the FRAND (fair, reasonable and non-discriminatory) terms to use Optis' patents.
