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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.




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.


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