By ET Bureau - October 06, 2020 1 Mins Read
A US judiciary has recently ordered Cisco Systems to pay $1.9 billion in a patent lawsuit to a Virginia-based company that blamed Cisco for copying its cybersecurity documents and patents.
Henry Morgan, a district judge in Virginia, concluded this after a long non-jury trial. As per him, Cisco infringed four patents from Centripetal Networks Inc. However, there was no infringement found in the fifth patent.
This payout involves about $1.89 billion awards, reflecting a $755.8 million in Centripetal damages. It has to be multiplied by 2.5 in order to reflect the “willful and egregious” conduct of Cisco and its prejudgment interest.
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