Judge Upholds CMU’s $1.17B Patent Verdict
A federal judgein Pennsylvania says there’s no need for a new trial over a $1.17 billion patent infringement verdict that Carnegie Mellon University won last year against a California technology firm.
In a ruling issued Monday U.S. District Judge Nora Barry Fischer says that Marvell Technology Group didn’t present convincing arguments for overturning the award or ordering a new trial. Marvell is based in Santa Clara, Calif.
In December a jury awarded the Pittsburgh-based university more than $1 billion based on a royalty of 50 cents per semiconductor for Marvell chips that used technology developed by a CMU professor and student. More than 2 billion chips were produced.
The verdict is expected to be appealed to the U.S. Court of Appeals, which reviews patent law decisions.
- EPA Designates PFAS Chemicals as Superfund Hazardous Substances
- Growing Progressive Set to Hire 10,000 for Claims, IT, Other Roles
- Work Safety Group Releases List of ‘Dirty Dozen’ Employers
- 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Report: Vehicle Complexity, Labor ‘Reshaping’ Auto Insurance and Collision Repair
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes