collateral

Following Motorola winning a possible injunction against Apple mobile products in Germany, Apple has told a German court it is set to lose $2.7 billion if it rules in favor of Motorola regarding a patent case related to an “emailing syncing patent”, according to a report from Bloomberg (via BusinessInsider). Apple has reportedly requested the court to demand Motorola provide $2.7 billion in collateral in the event the judge sides with Motorola. Bloomberg reports:

German courts often require the winning side in a case to post collateral if it wants to enforce a ruling while the other side is appealing. The amount reflects the losses the party is facing when forced to comply with the ruling. If it wins the appeals, it can seek damages and can make use of the collateral held for that.

While we have no information about how exactly Apple has come to that figure, the judge hearing the case apparently doesn’t agree with Apple’s valuation:

Expand
Expanding
Close