The headlines of Fox Business Flash are here. See what clicks on FoxBusiness.com.
A federal jury in Texas has said Apple Inc. should pay about $ 308.5 million to Personalized Media Communications LLC (PMC) for violating a patent related to digital rights management.
The jurors ordered Apple late Friday to pay a running royalty to PMC, which is usually based on the amount of sales of a product or service.
PMC, a licensing firm, originally sued Apple in 2015, alleging that the iTunes technology giant’s iTunes service infringed seven of its patents.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AAPL | APPLE, INC. | 119.99 | -0.54 | -0.45% |
APPEAL sues former employee over leaking trade secrets to reporter
Apple successfully challenged PMC’s case at the U.S. Patent Office, but an appeals court reversed the ruling in March last year, paving the way for the trial.
The iPhone maker did not immediately respond to Reuters’ request for comment, but told Bloomberg that he was disappointed with the verdict and that he would appeal.
A federal jury in Texas has said Apple Inc. should pay about $ 308.5 million to Personalized Media Communications LLC (PMC) for violating a patent related to digital rights management. (Daniel Acker / Bloomberg via Getty Images)
GET FOX BUSINESS ON THE GO by clicking here
“Cases like these, brought by companies that do not make or sell products, stifle innovation and ultimately harm consumers,” Apple said according to Bloomberg.
PMC in Sugarland, Texas, holds infringement cases against companies such as Netflix Inc, Alphabet Inc’s Google and Amazon.com Inc.
The case is Personalized Media v. Apple Inc.