The billions are back. After a drop in 2015, which saw a top verdict of only $845 million, four verdicts in 2016 came in at more than a billion dollars each, according to the annual Top 100 Verdicts by ALM’s VerdictSearch. The largest went to a computer company that alleged a software developer had breached a settlement agreement. The jury in Hewlett-Packard v. Oracle awarded Hewlett-Packard $3.01 billion.
Jeff Thomas, a partner in the Irvine, California, office of Gibson, Dunn & Crutcher, who represented HP, said while this verdict is large by any standard, it’s especially so for what was essentially “a good old-fashioned breach-of-contract case.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]