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techkenyot.com October 18, 2018


Samsung facing $3 billion dollar lawsuit over patent infringement

14 April 2018, 11:30 | Casey Mitchell

Samsung facing $3 billion dollar lawsuit over patent infringement

Samsung facing $3 billion dollar lawsuit over patent infringement

Since then, Samsung has had a number of legal victories that whittled that amount down to a small fraction of what the first jury awarded.

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It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 145 funds opened positions while 589 raised stakes. The company has a market cap of $328,106.69, a price-to-earnings ratio of 21.68, a PEG ratio of 1.16 and a beta of 0.91.

According to PACid, two USA patents (Patent 9,577,994 and 9,876,771) and one South Korean patent (named KR20110128567A) have been infringed upon. The Korean company is sued in a Texas court by PACid Technologies, a United States data encryption company. All three relate to data encryption. On another hand, Samsung has also filed infringement lawsuits against other companies besides Apple, such as GPU maker NVIDIA. The specific phones named in the suit include the Samsung Galaxy S6, Samsung Galaxy S6 edge, Samsung Galaxy S6 edge+, Samsung Galaxy S7, Samsung Galaxy S7 edge, Samsung Galaxy S8 and the Samsung Galaxy S8+.

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"Most of the patents are related with smartphones, smart TVs, memory and system LSI", an official from Samsung said, claiming that holding patents in such areas also helps to compete with rivals.

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If the company is indeed a "patent troll", it is likely seeking some kind of settlement with its target. They have been lobbying Congress to change the patent system. The Investor suggests, for example, that industry sources call the company " a patent troll" that relies on "suing companies that actually develop and sell products based on loose interpretations of intellectual property regulations" and is simply disguising this under its data security moniker. The suit seeks damages of $3 per phone, which ETNews notes is three times the standard rate of $1 per phone, which would end up costing Samsung about $2.8 billion if the court ruled in PACid's favor.



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