Samsung has fired back at Apple Inc. (NASDAQ:AAPL), regarding the $1.05 billion settlement they were ordered to pay the iPhone maker. The settlement was ordered by Judge Lucy Koh, in California earlier this year, and stems from a lawsuit Apple filed against Samsung, which said the Korean company had infringed on its patents with its mobile devices.
Samsung has now made a statement, saying Apple Inc. (NASDAQ:AAPL) had caused the jury to favor them, through communications made with the jurors. In response to this, the Korean tech giant has asked the judge to block all communication with the jurors until the attempt to gain a new trial has ended. Apple is seeking to prevent this block from taking place. The California based firm has made a complaint, stating that Samsung has not revealed whether they have already contacted jurors.
Maverick Fund was up 49.9% for the first quarter, while Maverick Levered gained 52.5%, and Maverick Long Enhanced gained 1.7%. Maverick Long gained 6.3%, while MFQ Neutral was down 5.1%. Q1 2021 hedge fund letters, conferences and more The first quarter was the Maverick Fund's strongest quarter ever, driven mostly by the performance of Coupang, Read More
Samsung’s complaint asked that the judge bar “any further communication with jurors who served during the trial”, until the arguments for seeking a new trial have been fully attended to.
On the other side of the equation, Apple Inc. (NASDAQ:AAPL) stated in their filing, regarding jury communication, ” Apple has not done so to date, yet Samsung is seeking to preclude Apple from equal access to information. Nevertheless, despite the lack of any merit to Samsung’s request, Apple will not contact any jurors, until the court resolves this” matter.
It seems that the battle of Apple and Samsung will never find an end. The jury in the aforementioned trial, found Samsung guilty of infringing 6 of the 7 patents Apple Inc. (NASDAQ:AAPL) had filed the suit about. While you would think that the two tech giants would trust the will of the court to be in the best interest of everyone involved, it seems Samsung does not agree. Apple also showed some resentment regarding the filing, and is seeking to have the damage payment increased to $3 billion, as well as having bans placed on select Samsung devices, which were guilty of copying Apple’s design.