litigation
confidence high
sentiment negative
materiality 0.80
Gen Digital hit with ~$481M patent judgment; Columbia Univ. case
Gen Digital Inc.
- Court multiplied jury's $185.1M award by 2.6 (~$481M), plus interest and attorneys' fees.
- Judgment awards ongoing 1% royalty on disputed technology, which Gen Digital says it removed.
- Company disagrees with judgment, believes no infringement, and will appeal.
- Case filed in 2013 by Trustees of Columbia University; jury verdict in May 2022.