Apple Stock News: Companies Sue For Copyright Infringement
In May of 2013, a company called Smartflash sued Apple for infringing six of its patents pertaining to data storage and management. Last week, a jury ruled that Apple was guilty of infringing on three of those patents in the creation and sale of iTunes. Apple was ordered to pay Smartflash, a company that merely serves as a patent holder and licensor that does not manufacture its own products, $532.9 million.