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Apple post $2.6 million bond for GALAXY Tab 10.1 injunction

Apple throws up $2.6 million as a bond for the GALAXY Tab 10.1 injunction

| Business, Financial & Legal News | Posted: Jun 29, 2012 10:28 am

Sales of Samsung's GALAXY Tab 10.1 have been halted in the United States thanks to US Judge, Lucy Koh, granted Apple's request for a preliminary injunction yesterday. Apple have posted a needed $2.6 million bond straight after the preliminary injunction was granted. The money ensures that Samsung can be financially compensated to a degree if the injunction is successfully appealed.

 

TweakTown image news/2/4/24747_10_apple_post_2_6_million_bond_for_galaxy_tab_10_1_injunction.jpg

 

Samsung have replied by filing a motion to stay the injunction, pending an upcoming appeal; alternatively, Samsung may accept a stay pending the Court of Appeals for the Federal Circuit's decision on the motion to stay.

 

Samsung argues that the original court "erred by issuing a preliminary injunction based on a stale and incomplete record", and that the injunction is "improper based on the current evidence", especially since Judge Lucy Koh didn't allow Samsung to present evidence.

NEWS SOURCES:Electronista.com

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