RIM fined $147.2 million over 2008 patent case
RIM argued unsuccessfully that Mformation's patent was invalid because the processes it covers were in effect at the time of its application. The Jury took four days to deliberate. Amar Thakur, an attorney for Mformation, said that the verdict covers only U.S. sales of BlackBerry devices sold at the time of the trial and does not include future or foreign sales. Crystal Roberts, A RIM spokesperson, said that the company has some legal motions pending that could overturn the verdict.
The verdict comes at a bad time for RIM, which recently reported its first operating loss in eight years. With a stock price that has been sliced by 70% in the last year, the company is counting on the launch of its new BlackBerry 10 OS powered handsets to turn the company around.