Today's Coming Crisis Movie

Friday, August 24, 2012

Samsung Ordered To Pay Apple $1bn....Well, they are hardly going to go against the Company Currently Keeping America Afloat

Samsung has been ordered to pay Apple $1.05bn (£664m) after a court battle over patent infringement.

The decision in the complex case came after the nine-member jury began deliberations on Wednesday.

Apple filed its complaint in April 2011 and engaged legions of America's highest-paid patent lawyers to demand $2.5bn (£1.6bn) from its top smartphone competitor. Samsung Electronics had fired back with its own lawsuit seeking $399m.

During closing arguments, Apple lawyer Harold McElhinny claimed Samsung was having a "crisis of design" after the 2007 launch of the iPhone, and executives with the South Korean company were determined to illegally cash in on the success of the revolutionary device.

Samsung's lawyers countered that it was simply and legally giving consumers what they want: smart phones with big screens. Read More