Stock Quote        
  Join        Login  
logo

Apple Vs. Samsung: Court Overturns Ban On Nexus Smartphone

 October 11, 2012 02:45 PM
 

(By Balachander) A U.S. appeals court reversed a preliminary injunction banning the sale of Samsung Electronics' Galaxy Nexus smartphone.

Late July, U.S. District Judge Lucy Koh granted Apple (NASDAQ:AAPL) a preliminary injunction that prohibited sale of Samsung Galaxy Nexus phone in the U.S.

In February 2012, Apple brought suit alleging that Samsung's Galaxy Nexus smartphone infringes eight patents. Apple also filed a motion for a preliminary injunction, seeking to enjoin the sales of the Galaxy Nexus. "Apple will suffer and is suffering irreparable harm" due to the alleged infringement, Apple said.

The district court found that Apple's allegations with regard to three of the patents did not justify granting Apple's motion.

"Because the district court abused its discretion in entering an injunction, we reverse and remand," ruled the U.S. Court of Appeals for the Federal Circuit. "We hold that the district court abused its discretion in determining that Apple established a sufficient causal nexus."

Here, Apple's evidence of causal nexus is limited, the appeals court said. "Apple has presented no evidence that directly ties consumer demand for the Galaxy Nexus to its allegedly infringing feature."

In this light, the causal link between the alleged infringement and consumer demand for the Galaxy Nexus is too tenuous to support a finding of irreparable harm, the appeals court said.


Are you beating the market? We are!!!
Every trading day, be ready to attack the market instead of reacting to the market.

Subscribe to our premium newsletter - i On The Market


Two Week FREE Trial


Signup for i on the market daily edition


Advertisement

Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 




Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.