Intel blasted a jury’s $2.1 billion patent verdict against it on Wednesday in its opening brief at the US Court of Appeals for the Federal Circuit, calling VLSI’s damages claims “exorbitant” and the trial fatally flawed.
Intel told the appeals court that US District Judge Alan Albright allowed VLSI to present evidence that prejudiced the jury against it and led to an excessive award. The chipmaker also said that no reasonable jury could find its microprocessors infringed the patents.
VLSI is a patent-holding company owned by investment funds managed by SoftBank Group Corp subsidiary Fortress Investment Group LLC. Intel’s brief called VLSI “an entity formed by a hedge fund for the sole purpose of buying patents to assert against Intel.”
Intel said VLSI’s case relied on “unsupported infringement theories and outrageous damages claims.”
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI