Live World Indices are Powered by - The Leading Financial Portal.
Welcome to - India's online discussion forum for Stocks, Commodities and Forex.You are currently viewing our board as a guest, which gives you limited access to view most discussions and other features. By joining our free community you will have access to read all posts, reply to different topics, communicate privately with other members(PM), respond to polls, subscribe topics, upload content and access many other special features. Also as a guest you do not have full access to all the forums and specially, the interactive chat room. Registration is fast, simple and absolutely free. Join today and start sharing your views...Get yourself registered here! ;

Oracle Corp to face new SAP trial if it rejects new damages

Members can post and share there knowledge on computer problems and solutions. Can put their query regarding computer related problems for appropriate solutions

Moderators: SOMU, Blueeye Moderator

Oracle Corp to face new SAP trial if it rejects new damages

Postby Astrum » Sat Aug 30, 2014 1:18 pm

A federal appeals court on Friday rejected Oracle Corp's bid to restore a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE, and said Oracle may choose to either accept a lower amount or face a new trial.
The 9th US Circuit Court of Appeals in San Francisco said jurors used "an undue amount of speculation" in awarding $1.3 billion in damages in 2010.

But it said that US District Judge Phyllis Hamilton in Oakland, California, erred in concluding that the verdict was too high and that Oracle deserved only $272 million of damages, a sum Oracle rejected.
Writing for a three-judge 9th Circuit panel, Judge William Fletcher directed Hamilton to offer Oracle a choice of $356.7 million of damages or a second trial.

Oracle spokeswoman Deborah Hellinger declined to comment. SAP did not immediately respond to requests for comment.

The case involved SAP's TomorrowNow unit, which the German company had bought to provide software support to Oracle customers at lower rates than what Oracle charged, hoping to convince them to become SAP customers.

Oracle sued SAP in 2007 after noticing thousands of suspicious downloads of its software.

SAP later conceded that its employees were illegally downloading Oracle files. But it couldn't agree with Oracle on damages, leading to the trial.

In finding that Oracle deserved no more than $272 million for the illegal downloads, Hamilton said the Redwood City, California-based company was entitled only to profit it lost and profit that SAP gained.

Posts: 2
Cash on hand: 28.00
Joined: Wed Aug 20, 2014 12:28 pm
Has thanked: 0 time
Have thanks: 0 time
Blog: View Blog (0)
Karma: 0



Who is online

Users browsing this forum: No registered users and 1 guest

Disclaimer: The messages and ideas posted on this website are users' own views. We do not own any responsibility for the information provided by the users. Its for learning purpose. No liability whatsoever lies with All rights reserved.