- Akamai (NASDAQ:AKAM -0.9%) has confirmed it prevailed with a $51M judgment in its long-running dispute against Limelight Networks (LLNW +4.8%) over the '703 patents.
- That amount reflects damages awarded in 2008 by a jury along with interest. A separate case scheduled for trial in January involves another from the same patent family and seeks additional damages for post-2008 infringement.
- "We are extremely pleased after ten years of litigation to have a final judgment entered in Akamai's favor that recognizes Limelight's infringement and the harm it caused," said Aaron Ahola, Akamai's deputy general counsel.
- Limelight claimed a victory of sorts as well, saying it has been allocating "precious resources" to avoid a permanent injunction and back up its belief that damages would be less than requested. The company will reclaim about $12M of a $63M letter of credit held for losses, and take a charge in Q2 for the full $51M damages.