Lawyers for the winning side, Taction Technology, say that they expect Apple to negotiate the loss down and so also cut back the law firm’s profits. How terrible for them.
Inside a haptic engine – image credit: Taptic Technology.
Inside a haptic engine – image credit: Taptic Technology.
Apple was found guilty of infringing the patents of Taction Technology in its Taptic Engine, as used in the Apple Watch and many more devices, with a jury awarding damages of over $5.7 billion. In case anyone thought the lawyers did this one pro bono, legal firm Burford Capital says that it ought to be paid $1.4 billion.
According to Reuters, this win has sent the legal firm’s US stock up over 6%. But Burford Capital has now cautioned that it is unlikely to receive the full sum.