Tag Archives: 749M

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… Source link

Law360 (May 12, 2021, 8:30 PM EDT) — A patent holder that lost a bid this month to force former Yahoo owner Altaba to establish a $749 million infringement reserve asked the Delaware Chancery Court on Tuesday to reconsider in light of Verizon’s recently revealed plans to sell Yahoo to Apollo Global Management. Earlier this month, the Chancery judge overseeing disputes over Altaba’s wind-down rejected patent holder Droplets Inc.’s push to create the reserve, since the former Altaba… Source link