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Business

Cisco might appeal $70 million XpertUniverse patent fine

March 25, 2013 by Megan Ava in Business, Technology with 0 Comments

Northern, WI 03/25/2013 (tradewatchmedia) – The largest networking equipment manufacturer in the world, Cisco Systems, Inc (NASDAQ:CSCO) (Current: $20.75, Down by 0.43%) will have to pay XpertUniverse Inc the patent licenser, $70 million towards civil fraud damages. This is in connection with a partnership that failed. A federal court jury made the decision. The jury of two men and six women in the Wilmington, Delaware federal court reached this decision after a two-week trial. They have also decided that Cisco Systems, Inc (NASDAQ:CSCO) has infringed two patents for connections to online experts who answer questions and the amount owed on those counts is $33,000.

Appeal in the pipeline

The Cisco spokesperson Kristen Carvell said that the company is very disappointed and surprised by the jury’s verdict and they are confident that the company’s conduct was appropriate right through the relationship with XpertUniverse. She said that Cisco does not believe that the evidence that had been presented at the trial supports the verdict in any way. As a result of this there are several issues that the judge will have to consider which will eventually decide whether the verdict will stay the way it is. If necessary, an appeal will be pursued by the company.

Xpertuniverse’s primary asset is intellectual property and it is a small company. This software development firm was incepted in the 1990’s by Victor Freidman, a Ukrainian immigrant. It was originally called Homework 911 and was used to help school children. As it moved its business to the more profitable corporate call-center niche it changed its name.

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About Megan Ava

Megan Ava is a senior Business and financial Market reporter for Times Indices News Media. Megan is passionate about journalism and has a experience of 7 years as a reporter and senior editor. She has also served as assistant editor of news and opinion. Megan loves yoga, music and plays guitar.

View all posts by Megan Ava →

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