Thursday 9 August 2012

RIM escapes $147.2 million hit as Mformation appeal ends in victory

RIM escapes $1472 million hit as Mformation appeal ends in victory

RIM has successfully appealed its patent infringement verdict against Mformation, letting the company off the hook for $147.2 million in damages. It was originally ordered to pay the stack of cash after a jury found that it had violated a remote management patent, but a California judge has overturned the decision after reexamining the evidence. Mformation still has the scope to appeal and thereby cause a fresh trial to begin from scratch, which could be fun.

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