Cisco is ordered to pay $1.9 billion in U.S. patent lawsuit, plans appeal

guest · Oct 5, 2020

Cisco is ordered to pay $1.9 billion in U.S. patent lawsuit, plans appeal
October 5, 2020
https://www.reuters.com/article/us-...ion-in-patent-lawsuit-u-s-judge-idUSKBN26Q2VX

A U.S. judge on Monday ordered Cisco Systems Inc to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents.

U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a monthlong non-jury trial that Cisco infringed four patents belonging to Centripetal Networks Inc, of Herndon, Virginia. He found no infringement of a fifth patent.
In a 167-page decision, Morgan said the case was “not a close call,” citing inconsistencies in Cisco’s evidence and that its own technical documents, many of which Centripetal itself introduced at trial, “proved Centripetal’s case.”

The payout includes an $1.89 billion award, reflecting $755.8 million in actual damages suffered by privately held Centripetal multiplied by 2.5 to reflect Cisco’s “willful and egregious” conduct, plus prejudgment interest.
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Centripetal was founded in 2009 and focused on using threat intelligence software and firewall hardware to protect cyber networks.
“This is a significant win for all small, innovative companies.”
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Bill_Bright · Oct 6, 2020

Wow. $1.9 billion is a lot more than a slap on the wrist even if Cisco is worth $160 billion. That should be a wake up call to other companies. Too bad it will not stop such IP theft by China and other foreign countries.

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Cisco is ordered to pay $1.9 billion in U.S. patent lawsuit, plans appeal

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Cisco is ordered to pay $1.9 billion in U.S. patent lawsuit, plans appeal

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