Finally, the end to Apple’s 5 year-long legal battle with Samsung who lost the case over Apple Patents. In a recent decision Samsung, the South Korean based company, is liable to pay Apple over $548 Million. The payment is the result of the 2012 filed patent dispute which stemmed from Samsung infringing Apple’s patents and copyrights by copying the look of Apple’s iPhone.
In a joint statement filed in the federal court of San Jose, California Samsung agreed to pay the money by 14th December 2015, if Apple sends an invoice for the money by Friday 5th December 2015. Apple has demanded that it be paid almost $2 billion for the case, the original jury verdict of which was $1 billion. The payment was reduced from the initial $930 million by $382 million last May.
Samsung is reported to have said in an emailed statement that “We are disappointed that the court has agreed to proceed with Apple’s grossly exaggerated damages claims regardless of whether the patents are valid. While we’ve agreed to pay Apple, we remain confident that our products do not infringe on Apple’s design patents, and we will continue to take all appropriate measures within the legal system to protect our products and our intellectual property.”
Samsung also said that it is expected to be reimbursed in the chance that the United States’ Patent and Trademark Office invalidates one of Apple’s patents that was also the subject of the case. According to reports, Apple intends to appeal this ruling. Apple was quoted as saying in court documents that it “disputes Samsung’s asserted rights to reimbursement.” Apple also stated that the decision “reinforces what courts around the world have already found: that Samsung willfully stole our ideas and copied our products.”
The lawsuit was only one of almost 50 cases that both companies have filed against each other in over 20 countries. It was also one of this decade’s most closely watched and interesting patent trials. Of this trial, Steve Jobs was reported to have said in 2010 “I will spend my last dying breath if I need to, and I will spend every penny of Apple’s $40 billion in the bank, to right this wrong. I’m going to destroy Android because it’s a stolen product. I’m willing to go to thermonuclear war on this.”