Seeking Alpha

Judge ups Marvell IP payout to $1.54B

  • A district judge has ordered Marvell Technology Group (MRVL) to pay almost $1.54B for breaching two hard disk drive patents held by Carnegie Mellon University.
  • The amount is well above the $1.17B that a jury awarded Carnegie in December 2012. The judge, Nora Barry Fischer, increased the payout because she believes that Marvell copied the IP through "known willful infringement."
  • However, Fischer rejected Carnegie's requests for double or triple damages.
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Comments (4)
  • Stock Market Mike
    , contributor
    Comments (2439) | Send Message
     
    MRVL is up 5% on this news?
    1 Apr 2014, 09:37 AM Reply Like
  • Bulbhead
    , contributor
    Comments (4) | Send Message
     
    Yes, of course, Marvell has been undervalued for a while now because of the looming danger of a much higher fee.
    1 Apr 2014, 09:56 AM Reply Like
  • Jangk
    , contributor
    Comments (3) | Send Message
     
    why it's up ?
    1 Apr 2014, 10:51 AM Reply Like
  • Nettligent
    , contributor
    Comments (1351) | Send Message
     
    Pump and dump
    7 Apr 2014, 03:40 PM Reply Like
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