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SAP to pay Oracle for the Violation Verdict
By siliconindia
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Thursday, 30 December 2010, 22:23 IST
San Francisco: According to the ruling filed by a judge on Tuesday, SAP should pay Oracle bias interest on a recent $1.3 billion copyright violation verdict, but not at the formula suggested by Oracle. This step has been taken because of the more than $211 million in interest Oracle had sought after winning a high stakes trial in an Oakland federal courtroom last month.
On SAP's arguments in court filings regarding the payment of any interest, Europe's top software maker asked U.S. District Judge Phyllis Hamilton to exercise a diverse methodology.
Although no specification about the amount that SAP would be required to pay was done by her, Hamilton decided to endorse SAP's formula on Tuesday. In its own court filing, SAP pegged the number at roughly $16.5 million.
"While we believe that Oracle should only be awarded damages, we appreciate that the Court agreed with SAP on the proper calculation of interest in this case which dramatically lowered the amount," a spokesman for SAP said in an emailed statement.