02 Sep, 2011
Oracle’s $1.3bn damages award from SAP is overturned
A ‘grossly excessive’ damages award given to US software giant, Oracle has been overturned.
The award given to the company from German rival, SAP, in relation to claims that an SAP subsidiary had wrongfully downloaded Oracle files, was overturned in San Francisco by Judge Phyllis Hamilton, who said that the $1.3bn amount was ‘contrary to the weight of the evidence and was grossly excessive’.
She added that Oracle should accept a considerably lower sum of $272m, failing that, seek a retrial.
According to the BBC, an SAP spokesman said the company was ‘very gratified’ by the decision, adding: “We hope the court’s action will help drive this matter to a final resolution.”
So far, Oracle has declined to comment.