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Samsung Slapped with $59.3 Million Verdict in Pioneer Suit

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Pioneer has to be feeling giddy following its most recent court victory. Pioneer had accused Samsung of willfully infringing on two of its patents -- U.S. Patent Numbers 5,182,489 and 5,640,068 -- covering plasma display technology. It took an eight-day trial to convince Hon. David J. Folsom in the U.S. District Court for the Eastern District of Texas in Marshall, who awarded Pioneer with a $59 million verdict, part of which covers lost profits and royalties.

"We are very pleased with the jury's finding," says Mr. Baxter of McKool Smith, the firm who represented Pioneer. "This was a complicated case and we were fortunate to have jurors that closely examined the facts before reaching their verdict."

And fortunate Pioneer was. The jury ruled in favor of the company on every count brought against Samsung. Not surprisingly, Samsung has yet to comment on the ruling.

Image Credit: Flickr Joe Gratz

COMMENTS
avatarI guess this means layoffs

I guess this means layoffs for Samsung employees..

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