Apple Patent Lawsuit Sees Them Paying Out $532.9 Million

Business / Tech

The latest Apple patent lawsuit has the company paying out $532.9 million to Smartflash LLC for DRM (digital rights management) and data storage payment technologies. Apple still firmly denies it has infringed on any patents held by Smartflash and had the following statement.

“Smartflash makes no products, has no employees, creates no jobs, has no U.S. presence, and is exploiting our patent system to seek royalties for technology Apple invented,” said Kristin Huguet, an Apple spokeswoman. “We refused to pay off this company for the ideas our employees spent years innovating and unfortunately we have been left with no choice but to take this fight up through the court system.”

From the sounds of that statement the court battle is far from over. Apple will likely file an appeal and fight the verdict in hopes it will not have to pay a dime. $532 million is a drop in the bucket to Apple so the appeal is likely a move to save itself from admitting to any wrong doing. Apple made every argument in the case to discredit Smartflash including saying the company didn’t have full control over said patents and they waited too long to file their suit against Apple.

“They are not just invalid, they are invalid many times over,” James Batchelder a lawyer at Ropes & Gray in East Palo Alto, California, who is representing Apple, told the jury.

What do you think of the jury’s verdict? Let us know in the comments below or on Google+, Facebook and Twitter.

  Source: Bloomberg
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