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    SAP to pay Oracle $359 million to end bitter legal battle

    press club of india, Indian Tehalka News

    Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted instruction manuals and other technical information.

    The resolution disclosed in a Thursday court filing comes seven years after Oracle Corp. sued SAP AG for a scheme engineered by a small software services company called TomorrowNow. SAP, which is based in Waldorf, Germany, bought TomorrowNow for $10 million.

    A jury initially awarded Oracle $1.3 billion in damages, but a federal judge lowered the amount to $272 million. An appeals court in August rejected Oracle’s request to reinstate the original damages and ruled the Redwood Shores, California, company was entitled to $356.7 million in damages or a new trial.

    Oracle chose to accept $356.7 million in damages plus $2.5 million in interest.

    From : The Hindu

    SAP to pay Oracle $359 million to end bitter legal battle Reviewed by on . press club of india, Indian Tehalka News Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted press club of india, Indian Tehalka News Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted Rating: 0
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