Samsung Hit With $303 Million Jury Verdict in Patent Infringement Lawsuit

Computer-memory company Netlist Inc convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics Co’s infringement of several patents related to improvements in data processing.

The jury in Marshall, Texas determined after a six-day trial that Samsung’s “memory modules” for high-performance computing willfully infringed all five patents that Netlist accused the Korean tech giant of violating.

Representatives for the companies did not immediately respond to requests for comment. Netlist stock was up 21% following the verdict on Friday afternoon.

Read the source article at finance.yahoo.com