According to Reuters, SAP agreed on paying its rival Oracle a sum of $306 million in damages over copyright infringement allegations in order to avoid new trial. As per the joint filing with a federal court in Oakland, California, the proposed damage payout plan need court approval, and it will led to clear the way for Oracle to restore a $1.3 billion jury away by asking the 9th US Circuit Court of Appeals. The companies lawyers for Oracle and SAP said in the filing said over the move is “to save the time and expense of this new trial, and to expedite the resolution of the appeal.” The proposed agreement also confirms that Oracle should recover $120 million for legal bills.
(Image Source: SAP logo, Featured Image)
