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Tags: SAP Must Pay Oracle Interest on 1.3 Billion Verdict

SAP Must Pay Oracle Interest on $1.3 Billion Verdict

Wednesday, 29 December 2010 01:01 PM

A judge has ordered German software maker SAP AG to pay interest to Oracle Corp. in addition to $1.3 billion in damages for stealing software and customer-support documents from password-protected Oracle websites.

In an order Tuesday, U.S. District Court Judge Phyllis Hamilton concluded that the judgment against SAP should include an award of prejudgment interest.

The judge did not specify the interest amount, but said it will be determined by a calculation based on the weekly average one-year constant maturity Treasury yield, compounded annually. Oracle had been seeking $211.7 million in interest.

Oracle, based in Redwood Shores, Calif., is the leading maker of database software, which helps companies organize their information. Its aggressive expansion into business applications has forced Oracle into a faceoff with SAP, the leader in that space.

Last month, a jury in the U.S. District Court for the Northern District of California found that SAP plundered software and documents from Oracle's secured websites and awarded Oracle $1.3 billion in damages.

SAP admitted that a now-shuttered subsidiary was secretly siphoning off instruction manuals and technical specifications for Oracle's software. But its lawyers argued that Oracle's claims of injury were exaggerated.

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A judge has ordered German software maker SAP AG to pay interest to Oracle Corp. in addition to $1.3 billion in damages for stealing software and customer-support documents from password-protected Oracle websites. In an order Tuesday, U.S. District Court Judge Phyllis...
SAP Must Pay Oracle Interest on 1.3 Billion Verdict
192
2010-01-29
Wednesday, 29 December 2010 01:01 PM
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