Reports are coming in from several journalists attending the Apple vs. Samsung re-trial in California that a verdict has been reached. The verdict comes after a few days of the jury deliberating much of the same topic as discussed during the summer 2012 trial. According to a court document, the verdict will be read at approximate 12:15 Pacific time. We’ll have coverage when the verdict is announced.
Update: According to Bloomberg, the jury has ordered that Samsung pay Apple $290 million in damages over the retrial. Including damages awarded Apple in the original trial, that brings Samsung’s total in damages owed to Apple to $890 million.
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It’s worth noting Apple originally argued for $379 million during the partial retrial so the total sum is less than that which the company originally requested, but that’s significantly greater than the $52 million which Samsung recommended it pay.
That’s still $110 million shy of the original $1 billion initially awarded before the court decided it could have miscalculated the damages appropriate for the patent dispute.
Attorneys on both sides will have an opportunity 30 minutes from the original reading of the verdict to discuss anything final before the trail finally (hopefully) wraps up.
Update 2: The jury and everyone involved was dismissed after 4:15 PM EST without additional news being made aside from a $2 discrepancy Apple’s attorneys found in its favor that was thankfully dismissed.
$290 million equates to ~$0.32/share to $AAPL which has $130 billion of cash.—
Walter Piecyk (@WaltBTIG) November 21, 2013
Update 3: Apple has offered the following comment to AllThingsD:
“For Apple, this case has always been about more than patents and money,” Apple said in a statement to AllThingsD. “It has been about innovation and the hard work that goes into inventing products that people love. While it’s impossible to put a price tag on those values, we are grateful to the jury for showing Samsung that copying has a cost.”