Stock Market News

U.S. court throws out big damages award against Cisco

2022.06.23 16:56

U.S. court throws out big damages award against Cisco
FILE PHOTO: The logo of U.S. networks giant Cisco Systems is seen at their headquarters in Issy-les-Moulineaux, near Paris, France, April 3, 2018. REUTERS/Philippe Wojazer/File Photo

(Reuters) – A U.S. appeals court on Thursday ruled in favor of Cisco Systems Inc (NASDAQ:CSCO) in overturning a more than $2.75 billion award of damages and royalties to Centripetal Networks Inc, a Virginia company that accused it of copying its cybersecurity patents.

The U.S. Federal Circuit Court of Appeals in Washington, D.C., said the trial judge was disqualified from hearing the case once he became aware that his wife owned Cisco stock. It said the case should be reassigned to a different judge.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,290.58 4.82%
ethereum
Ethereum (ETH) $ 2,349.79 6.06%
tether
Tether (USDT) $ 0.99886 0.05%
xrp
XRP (XRP) $ 2.21 5.07%
bnb
BNB (BNB) $ 613.40 1.38%
solana
Solana (SOL) $ 135.77 5.61%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.204751 3.15%
cardano
Cardano (ADA) $ 0.652349 4.68%
staked-ether
Lido Staked Ether (STETH) $ 2,349.56 6.08%
tron
TRON (TRX) $ 0.228683 0.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,198.56 4.93%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,807.68 6.23%
chainlink
Chainlink (LINK) $ 15.44 0.78%
litecoin
Litecoin (LTC) $ 127.14 10.75%
avalanche-2
Avalanche (AVAX) $ 21.97 0.19%
sui
Sui (SUI) $ 2.90 1.38%
stellar
Stellar (XLM) $ 0.288132 2.18%
the-open-network
Toncoin (TON) $ 3.51 0.96%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.36%
leo-token
LEO Token (LEO) $ 9.08 1.13%
hedera-hashgraph
Hedera (HBAR) $ 0.196738 0.01%
usds
USDS (USDS) $ 1.00 0.01%
polkadot
Polkadot (DOT) $ 4.80 2.91%
mantra-dao
MANTRA (OM) $ 7.18 6.42%
weth
WETH (WETH) $ 2,351.56 6.23%
hyperliquid
Hyperliquid (HYPE) $ 19.74 2.05%
ethena-usde
Ethena USDe (USDE) $ 0.999034 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 296.24 1.51%
bitget-token
Bitget Token (BGB) $ 4.03 7.43%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,492.60 6.19%
uniswap
Uniswap (UNI) $ 7.93 4.99%
monero
Monero (XMR) $ 213.32 1.49%
whitebit
WhiteBIT Coin (WBT) $ 26.21 2.30%
near
NEAR Protocol (NEAR) $ 3.04 1.15%
pepe
Pepe (PEPE) $ 0.000008 1.02%
aptos
Aptos (APT) $ 5.90 4.68%
dai
Dai (DAI) $ 0.999603 0.08%
ondo-finance
Ondo (ONDO) $ 0.988418 1.32%
internet-computer
Internet Computer (ICP) $ 6.44 1.70%
aave
Aave (AAVE) $ 205.31 0.76%
bittensor
Bittensor (TAO) $ 358.78 7.28%
susds
sUSDS (SUSDS) $ 1.04 0.02%
ethereum-classic
Ethereum Classic (ETC) $ 18.84 0.19%
okb
OKB (OKB) $ 45.67 0.41%
gatechain-token
Gate (GT) $ 21.13 1.63%
official-trump
Official Trump (TRUMP) $ 13.11 1.42%
mantle
Mantle (MNT) $ 0.758867 5.34%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.276515 1.59%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,381.61 4.79%