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 (3795) | Send Message
    MRVL is up 5% on this news?
    1 Apr 2014, 09:37 AM Reply Like
  • Bulbhead
    , contributor
    Comments (19) | 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 (4) | Send Message
    why it's up ?
    1 Apr 2014, 10:51 AM Reply Like
  • Nettligent
    , contributor
    Comments (1346) | Send Message
    Pump and dump
    7 Apr 2014, 03:40 PM Reply Like
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