Del. Court Orders New Trial On $749M Yahoo Patent Reserve

Law360 (July 30, 2021, 5:46 PM EDT) — Delaware Chancery Court on Friday ordered a new trial and directed former Yahoo owner Altaba Inc. to set aside a $749 million patent infringement suit cash reserve previously ruled unnecessary, citing post-trial disclosures and actions that “undermined” court confidence that the cash would be available if needed.

The decision followed a motion for a new trial filed by software venture Droplets Inc., which has been battling Altaba and Yahoo since…