Apple Ordered to Pay $5.72 Billion in Damages to Taction Technology for Patent Infringement

MT Newswires Live09-28 17:01

Apple (AAPL) was ordered to pay about $5.72 billion in damages after a US jury found that the company has infringed patents held by Taction Technology, according to a Friday court filing.

In the filing, the jury agreed that Apple has infringed two Taction patents and failed to prove that Taction's claims were invalid.

Taction sued Apple in 2021 for patent infringement, claiming that the tech giant's Taptic Engine used in several iPhone and Apple Watch models "has infringed and continues to infringe, directly and indirectly," two of its patents.

Reuters said Apple plans to appeal the jury's verdict.

Apple did not immediately respond to MT Newswires' request for a comment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment