Texas Jury Returns $62.7M Infringement Verdict in Solas OLED Trial Against Samsung

March 11, 2021

Since last July, RPX has highlighted a growing web of Irish NPEs linked to Magnetar Capital—a hedge fund with $12.3B in assets under management—that have acquired and increasingly asserted former operating company patents. One of those NPEs has just taken a case to trial: on March 8, an Eastern District of Texas jury returned a partial infringement verdict for plaintiff Solas OLED Limited, finding that Samsung infringed two display patents through the provision of certain smartphones. Solas OLED was awarded a combined $62.7M in damages. However, the jury also concluded that the asserted claims from a third patent are invalid. The patent trial appears to be the first before District Judge Rodney Gilstrap since the expiration of his November order halting all such trials due to COVID-19.

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