Jury Awards Intellectual Ventures $17M in Trial Against Symantec
- February 12, 2015
Following a four-year battle over a group of software security patents, Intellectual Ventures I LLC prevailed last week in a trial against Symantec. In a redacted verdict filed on February 6, the jury found that Symantec infringed two out of three patents at issue (5,987,610, 6,073,142) and rejected the company’s arguments that the patents were invalid due to anticipation or obviousness. IV was awarded a total of $17M in damages—a small percentage of the nearly $300M sought. The jury also opted for the damages to be paid in a one-time lump sum covering all past and future infringing use, rather than through ongoing royalty payments as the NPE had requested.