McKool Smith wins $345 million verdict for Versata Software against SAP
AUSTIN, Texas (US), May 14th, 2011 - iRunway, a technology consulting and litigation support firm, today announced that its client McKool Smith has won a $345 million damages verdict in favor of Versata Software, a technology pioneer in enterprise software, against SAP America Inc. (NYSE: SAP) and its Germany-based parent company SAP AG.
The verdict was issued on May 13th, 2011 following a one-week trial. Jurors found that SAP’s product, which was redesigned in May 2010, infringed Versata’s patent related to pricing technology. Versata was awarded $260 million in lost profits and $85 million in reasonable royalties.
This damages verdict follows the $138.6 Million patent jury verdict against SAP in 2009 in the U.S. District Court for the Eastern District of Texas. Judge Charles Everingham set aside the original verdict and ordered a new damages trial following the Federal Circuit’s decision on how financial penalties should be calculated.
"The litigation involved complex technology and it was important for us to prove that SAP continued to infringe on our patent despite the product changes they made in 2010,” said Scott Cole, Principal at McKool Smith. “iRunway consultants worked with our lawyers and experts on this case for over four years and during the first trial it became clear that we knew SAP’s software better than SAP’s own engineers. iRunway’s deep technical knowledge, their insights on the product and technology evolution proved invaluable yet again."
"Congratulations to Versata and McKool Smith on this favorable verdict,” said Animesh Kumar, Chief Solutioning Officer, iRunway. “I’m delighted that iRunway was part of this winning team. This verdict marks our 4th successive and successful outcome with McKool Smith across multiple litigations in 2011."
iRunway helps corporations and law firms unlock and protect the value of patents. We combine deep technology expertise with practical business insight to monetize patent portfolios and profoundly improve litigation outcomes. Learn how our proven consulting model and in-depth analysis contribute to significant courtroom victories and favorable settlements for our clients at www.i-Runway.com
+91 80 4058 4000