Carnegie Mellon professor José Moura, inventor on two patents that led to a $750 million settlement with Marvell Technology. (credit: Carnegie Mellon University)
In what appears to be the second-largest payment ever over technology patents, Marvell Technology has agreed to pay Carnegie Mellon University $750 million to end a patent infringement case.
After a massive win at the district court level, CMU was on track to collect as much as $1.54 billion. The university won a $1.17 billion jury verdict in 2012, to which a judge added penalties and interest. But an appeals court cut the win significantly, approving $278 million in damages and ordering other damages issues to be re-tried at the district court level.
Rather than further litigate the case, the two sides reached the deal for the $750 million payment, which was announced late yesterday.
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