Burford Capital says jury awards $5.7 billion in Taction Technology patent case against Apple
BUR•A jury awarded $5.7 billion in damages to Taction Technology in its patent case against Apple. Burford Capital says its potential entitlement would be $1.4 billion if paid as issued, but the verdict is not final and no cash proceeds have been received.
1. Award remains subject to appeals
The jury awarded $5.7 billion in damages to the plaintiff in Taction Technology v. Apple, a case in which Burford Capital has a financial entitlement. If paid as issued, the entitlement would be $1.4 billion, split roughly equally between Burford’s balance sheet and investment funds. The verdict is not final; post-trial motions and appeals could reduce or overturn it. No cash proceeds have been received, and the matter remains subject to litigation, enforcement and collection risks.
