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Supreme Court Unanimously Rejects Microsofts Appeal in Patent Case

  
Supreme Court Unanimously Rejects Microsofts Appeal in Patent Case
Category: Business News

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Uploaded: 2014-07-29 09:31:57

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    Supreme Court Unanimously Rejects Microsofts Appeal The US Supreme Court ruled against Microsoft (NASDAQMSFT) today, rejecting its appeal of a $290 million jury verdict for infringing on a patent held by Canadian softwa...
    Supreme Court Unanimously Rejects Microsofts Appeal
    The US
    Supreme Court ruled against Microsoft (NASDAQMSFT) today, rejecting
    its appeal of a $290 million jury verdict for infringing on a patent
    held by Canadian software firm i4i, Bloomberg reported.The Court
    unanimously upheld the US Appeals Court ruling, rejecting Microsofts
    argument to adopt a lower standard to replace the long-standing
    requirement that a defendant in a patent infringement case prove by
    clear and convincing evidence that a plaintiffs claim is
    invalid.Microsoft argued lowering the standard of proof involving a
    preponderance of the evidence would make some patents more
    vulnerable to legal challenge while promoting innovation and
    competition.I4i, supported by the Obama administration, argued that
    such a radical change in patent law should come from Congress, which
    has been considering patent legislation.Microsoft has a potential
    upside of 38.2% based on a current price of $23.92 and an average
    consensus analyst price target of $33.05.
  • Tags:  Supreme  Court  Unanimously  Rejects  Microsofts  Appeal  
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