The judge presiding over a patent infringement lawsuit that Apple (NASDAQ:AAPL) had brought against Samsung cut almost in half the $1 billion that a jury awarded Apple last August.
Judge Lucy Koh vacated over $450 million from the original penalty because that award was based on "an impermissible legal theory," and the jury could not therefore "reasonably calculate" the amount of damages caused by 14 Samsung products. The judge has ordered a second trial to cover those products.
The final amount that Samsung may or may not have to pay Apple won't be determined until the outcome of the second trial is determined. A date for that trial has not yet been set.
Intellectual analyst Florian Mueller wrote in his Foss Patents blog that Apple could try to immediately collect the almost $600 million that wasn't vacated from the award, but would probably not see any money before the suit is completely resolved.
Fool contributor Dan Radovsky has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
3 Top Dividend Stocks to Buy in 2018 With Double-Digit Dividend Growth
Here are three market leaders with meaningful dividends, strong dividend growth potential, and a low-risk profile. Does it get any better than this?
1 Big Improvement That Apple Needs to Bring to the New iPhone SE
It's time for a new display.
Is iPhone X Demand Somehow Already Waning?
There are a few concerning data points in recent days.