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Jul 15, 2012, 10.12 AM IST

RIM hit with $147.2m verdict in California patent lawsuit

A northern California jury directed Research in Motion Ltd to pay USD 147.2 million in patent litigation over a remote management system for wireless devices, according to an attorney for the plaintiff, Mformation Technologies Inc.

Source: Reuters
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RIM hit with $147.2m verdict in California patent lawsuit
A northern California jury directed Research in Motion Ltd to pay USD 147.2 million in patent litigation over a remote management system for wireless devices, according to an attorney for the plaintiff, Mformation Technologies Inc.


The verdict on Friday in a San Francisco federal court comes at a bad time for RIM, whose stock has fallen more than 70% in the past year as customers abandon the BlackBerry in favor of Apple's

Tags: Research in Motion
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