A PYMNTS Company

US: Court rejects appeal of $43.8M in software lawsuit

 |  June 11, 2017

The Nebraska Supreme Court upheld a $44 million jury award that followed a 2015 trial in Douglas County District Court over software that is used to process debit-card payments.

Omaha-based software developer BHMI prevailed in that trial over ACI Worldwide, another software developer now based in Florida but founded in Omaha in 1975. One of the attorneys who won the case said he believes it is the largest jury award to be upheld by the state’s highest court.

The Omaha company contended that ACI’s dominant position in selling software that processes debit and credit card transactions put it in violation of state and federal antitrust laws.

BHMI also said the company interfered with BHMI’s business by suing banks and merchants that installed BHMI’s software, based on ACI’s contention that BHMI’s software was pirated from its own. BHMI in 2014 prevailed on that issue, after a jury found that its software was not misappropriated from ACI.

Full Content: 3 News Now

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.