PanOptis Secures $300M Verdict in Damages Redo

August 15, 2021

Earlier this year, Eastern District of Texas Judge Rodney Gilstrap overturned a $506.2M damages award included with an August 2020 jury verdict against Apple in standard essential patent (SEP) litigation brought by several subsidiaries of PanOptis Holdings, LLC (collectively, “Optis” or “PanOptis”). A second jury has now answered the damages question—put to it this time as “What sum of money, if any, paid by Apple now in cash, has Optis proven by a preponderance of the evidence would compensate Optis as a FRAND royalty for the damages resulting from infringement between February 25, 2019 and August 3, 2020?”—with a new figure: $300M.

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