A federal jury awarded Acacia Research Corporation’s (Nasdaq: ACTG) subsidiary, Creative Internet Advertising Corporation, $6.6 million in a patent infringement trial with Yahoo! Inc.
The civil suit, Cause No. 6:07cv534, pending in the U.S. District Court for the Eastern District of Texas, Tyler Division, alleged that Yahoo! Inc.’s messenger program with IMVironments infringed United States Patent Number 6,205,432 (the “’432 patent”), both literally and under the Doctrine of Equivalents.
The jury awarded damages in the amount of $6,625,584. The jury also unanimously concluded that Yahoo! Inc.’s infringement of the ‘432 patent was willful. Creative Internet Advertising Corporation was represented by Anthony G. Simon and The Albritton Law Firm of Longview, TX. On Feb. 1, 2010 U.S. Magistrate Judge John D. Love concluded that Yahoo’s willful violation merited a two-thirds enhancement of the damages award, or $4,540,852, bringing the total damages to $11,352,130. The court also concluded that CIAC was entitled to prejudgment interest in the amount of $1,110,161 and postjudgment interest. The total award, excluding postjudgment interest, is $12,462,291.