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.<\/p>\n
The proposed agreement requires court approval, and would clear the way for Oracle to ask the 9th U.S. 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.<\/p>\n
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 in the filing.<\/p>\n
A Northern California jury determined in 2010 that Oracle should be paid $1.3 billion over accusations SAP subsidiary TomorrowNow wrongfully downloaded millions of Oracle files.<\/p>\n
However, U.S. District Judge Phyllis Hamilton last year discarded the jury verdict and said Oracle could accept a $272 million award, or opt for a new trial against SAP.<\/p>\n
The proposed agreement also confirms that Oracle should recover $120 million for legal bills, a sum that has already been paid.<\/p>\n
“SAP believes this case has gone on long enough,” a spokesman said in an email.<\/p>\n
“Although we believe that $306 million is more than the appropriate damages amount, we agreed to this in an effort to bring this case to a reasonable resolution,” he added.<\/p>\n
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