SAP to pay Oracle $306 MN in damages | india | Hindustan Times
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SAP to pay Oracle $306 MN in damages

india Updated: Aug 03, 2012 23:12 IST
Reuters
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Business software maker SAP agreed to pay rival Oracle Corp $306 million in damages over copyright infringement allegations against a SAP unit, avoiding a new trial.

The proposed agreement requires court approval, and would clear the way for Oracle to ask the 9th US circuit court of appeals to restore a $1.3 billion jury award in this case, according to a joint filing with a federal court in Oakland, California on Thursday.

The companies agreed to the $306 million “to save the time and expense of this new trial, and to expedite the resolution of the appeal,” lawyers for Oracle and SAP said.

The proposed agreement also confirms that Oracle should recover $120 million for legal bills, a sum that has already been paid.

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