Marvell Technology has been ordered to pay $1.2 billion for infringing on patents held by Carnegie Mellon University.
Marvell’s stock plummeted after the $1.17 billion verdict was announced, and according to Mercury News, things could get worse for the technology company. The Pennsylvania jury found that Marvell’s conduct was willful which will allow U.S. District Judge Nora Barry Fischer to increase the fine.
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December 26, 2012
Marvell To Pay $1.2 Billion In Patent Infringement Case
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