litigation
confidence high
sentiment negative
materiality 0.55
Zynga loses patent trial to IBM; jury awards $44.9M in damages
TAKE TWO INTERACTIVE SOFTWARE INC
- Jury found Zynga games infringed two IBM patents (Nos. 7,072,849 and 7,702,719).
- Damages awarded: $44.9 million; patents have expired, no game changes needed.
- Zynga to seek reversal via post-trial motions and appeal.
- Trial began September 9, 2024; verdict returned September 13, 2024.