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Does anyone have information about what the patent is for? Google search shows 500 general news articles with no specific information about the lawsuit.
If the patents were owned by a single individual instead of caltech, would the verdict be as large? They’d instantly be in the top 3000 richest people in the world.
Possibly. However, very few "single individual[s]" would have the resources to fund such inventions AND the associated patent procurement AND fund such a litigation. Moreover, this will be appealed and the final outcome could take a decade.
E.g. Sell 50% of the initially ruled $1.1B settlement for, say, $100MM.
Anything like this ever happened?
The issues here are simply too complicated for juries to decide--particularly the amounts of money. If Apple was simply using devices it purchased from Broadcom, Broadcom should be responsible for all the damages.
That's why the appeals courts exist.
Sounds legit.
Earlier quoted context omitted.
Possibly. However, very few "single individual[s]" would have the resources to fund such inventions AND the associated patent procurement AND fund such a litigation. Moreover, this will be appealed and the final outcome could take a decade.
Your last point has me thinking - hypothetically if an individual were in this situation, could they sell 'equity' in the eventual settlement in order to take money off the table now, rather than go bankrupt from legal expenses etc and get nothing? E.g. Sell 50% of the initially ruled $1.1B settlement for, say, $100MM. Anything like this ever happened?
The issues here are simply too complicated for juries to decide--particularly the amounts of money. If Apple was simply using devices it purchased from Broadcom, Broadcom should be responsible for all the damages.
If the patents were owned by a single individual instead of caltech, would the verdict be as large? They’d instantly be in the top 3000 richest people in the world.
Earlier quoted context omitted.
Possibly. However, very few "single individual[s]" would have the resources to fund such inventions AND the associated patent procurement AND fund such a litigation. Moreover, this will be appealed and the final outcome could take a decade.
Your last point has me thinking - hypothetically if an individual were in this situation, could they sell 'equity' in the eventual settlement in order to take money off the table now, rather than go bankrupt from legal expenses etc and get nothing? E.g. Sell 50% of the initially ruled $1.1B settlement for, say, $100MM. Anything like this ever happened?
https://www.npr.org/2019/10/02/766556249/episode-942-capital...
Does anyone have information about what the patent is for? Google search shows 500 general news articles with no specific information about the lawsuit.
Here’s a blurb with the patent numbers. https://patentlyo.com/patent/2020/01/billion-verdict-caltech...