This one involves SAP, a German software company, illegally downloading millions of Oracle’s files…Well, howdy dodo!
SAP AG must pay Oracle Corp $1.3 billion for software theft, a jury decided, awarding damages that could be the largest-ever for copyright infringement.
The decision, by a U.S. district court jury in Oakland California, drew a gasp from the courtroom and prompted hugs and handshakes among Oracle’s legal team, which has pursued their case for years.
Oracle’s shares rose 1.5 percent in after-hours trade, while those of SAP slipped 1.4 percent.
SAP, Europe’s top software maker, said it was disappointed by the verdict and might appeal.
“We are, of course, disappointed by this verdict and will pursue all available options, including post-trial motions and appeal if necessary,” SAP said in a statement in response to the verdict.
Attorneys for Oracle called the verdict the largest ever for a copyright infringement case.
While SAP could appeal, Oracle attorney David Boies said, that would raise the possibility of a retrial. “If I were SAP, and I’m not, but if I were SAP, I’m not sure I would want to have another trial,” Boies said.
SAP SAYS $40 MLN AT MOST
At the outset of the trial, the German company acknowledged that its TomorrowNow subsidiary had wrongfully downloaded millions of Oracle’s files.
With the admission of liability, the issue before the jury was how much Oracle was owed in damages. SAP said no more $40 million, while Oracle at least $1.65 billion.
“The mark of a leading company is the way it handles its mistakes. As stated in court, we regret the actions of TN, we have accepted liability, and have been willing to fairly compensate Oracle,” SAP said after the verdict was announced.