Qualcomm Places $1.5 Bn Bond To Force Permanent Injunction Against Apple

The US headquartered technology firm Qualcomm has furnished a security bond worth 1.34 billion Euros, approximately $1.52 billion, to enforce permanent injunction against Apple. The case is related to Apple’s infringement of Qualcomm Technologies in Germany where the German courts found the Steve Jobs founded company guilty.

The security bond was necessary to enforce a ban on Apple selling its iPhones in Germany. The court had said on December 20, the injunction is effective as soon as Qualcomm post the required bond

“The bonds are required for Qualcomm to be able to enforce the remedies ordered by the Court on December 20, 2018, after the Court found that Apple is infringing Qualcomm’s patented power savings technology used in smartphones,” Qualcomm said in a statement.

“Apple was ordered to cease the sale, offer for sale and importation for sale of all infringing iPhones in Germany. The Court also ordered Apple to recall infringing iPhones from third party resellers in Germany,” the firm added.

The injunction covers all models of iPhones that contain the infringing functionalities and apply to Apple’s European Union entities as well as Apple Incorporated.  The judgment is immediately enforceable once Qualcomm posts bonds covering potential damages incurred by Apple should the judgment be overturned or amended on appeal. Apple’s request to the court for a stay of the injunction was denied. The court has also determined that Apple is liable for monetary damages in an amount to be determined at a later time.

“Two respected courts in two different jurisdictions just in the past two weeks have now confirmed the value of Qualcomm’s patents and declared Apple an infringer, ordering a ban on iPhones in the important markets of Germany and China,” said Don Rosenberg, executive vice president and general counsel, Qualcomm Incorporated.

The court also granted Qualcomm’s request for an accounting of the details associated with all sales, including revenues and profits of the accused devices in Germany and a recall and destruction of all accused devices from all retailers in Germany.

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