Investing
SAP Owes Oracle (ORCL) $1.3 Billion: Suit Could Last Years
Published:
Last Updated:
A federal jury ruled in favor of Oracle (NASDAQ: ORCL) in a copyright infringement case against SAP, according to a number of media reports. The sum of the award was $1.3 billion.
Oracle had asked for $1.7 billion.
The former TomorrowNow division of SAP was charged with stealing software and documentation which contained material which covered 120 copyrights..
The suit dates back to 2007, and the award could continue to be appealed which would mean the action could go on for several more years.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
