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Oracle's bid for USD1.3b pay damages fails
(MENAFN) Oracle Corp lost an appealing bid for USD1.3 billion in damages in its copyright dispute with German software company SAP SE, The Peninsula Qatar reported.
US Circuit Court of Appeals said that Oracle must accept a lower amount or face a new trial, adding that jurors used "an undue amount of speculation" in awarding USD1.3 billion in damages in 2010.
The court had erred a judge's call for awarding Oracle only USD272 million, suggesting that the firm should be given a choice of accepting USD356.7 million of damage or a second trial.
Subsequently, SAP agreed to pay Oracle USD306million, but that agreement allowed Oracle to seek to restore the jury verdict, or win a retrial based on its own damages theories.
US Circuit Court of Appeals said that Oracle must accept a lower amount or face a new trial, adding that jurors used "an undue amount of speculation" in awarding USD1.3 billion in damages in 2010.
The court had erred a judge's call for awarding Oracle only USD272 million, suggesting that the firm should be given a choice of accepting USD356.7 million of damage or a second trial.
Subsequently, SAP agreed to pay Oracle USD306million, but that agreement allowed Oracle to seek to restore the jury verdict, or win a retrial based on its own damages theories.
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