Tyler, Texas-based innovative technology development and licensing company Smartflash LLC was given a $532.9 million award by a jury in the United States District Court for the Eastern District of Texas after it was ruled that Apple Inc. infringed on three of their patents, AG-IP-News reported on February 26.
Apple Inc. was proven to have willfully infringed on various Smartflash patents to create the technology that led to the production, marketing, and selling of products such as the iPhone, the iPod Touch, and the iPad.
Three patents from Smartflash’s patent portfolio were examined in the case; the technology regarded devices and methods for data storage and accessing data through electronic payment systems.
Apple reportedly earned $43.4 billion from sales of these devices to people who purchased them for the functionality that involved infringement.
The legal team of Gagnon, Peacock & Vereeke, P.C., represents clients in intellectual property litigation in the Dallas-Fort Worth Metroplex area and throughout the state of Texas, whether as plaintiffs to protect a trade secret, a patent, or a copyright, or as a defendant accused of infringing on these properties. Call our offices today at (214) 824-1414 to discuss your case and begin taking action.