South Korean multinational conglomerate company, Samsung Electronics Co Ltd (KRX: 005930), is now taking its 2012 patent legal case with giant multinational technology company, Apple (NASDAQ: AAPL), to the United States Supreme Court. Samsung agreed to reimburse Apple $548 million for the “damages” they have caused less than a couple of weeks ago, but now Samsung is asking the Supreme Court to review the decisions made in the case.
Samsung said in a statement that they prefer to compete in the marketplace and not in the courtroom, but the company feels it is important and most certainly obligated to appeal this case to the United States Supreme Court on behalf of all American companies, big or small, that could be affected if this legal precedent stands.
"Samsung is escalating this case because it believes that the way the laws were interpreted is not in line with modern times," Samsung said in a statement. "If the current legal precedent stands, it could diminish innovation, stifle competition, pave the way for design patent troll litigation and negatively impact the economy and consumers."
“If the Supreme Court decides to take the case, its eventual decision could have a ripple effect on the technology industry and the kinds of gadgets you'll be able to buy. Samsung and some of Silicon Valley's biggest players, including Google and Facebook, have argued that the lower-court ruling as it stands may have a "devastating impact" on the introduction of new products because of a heightened fear of legal challenges. Apple said all along that it was doing what was necessary to defend its intellectual property and the value of its blockbuster iPhone franchise,” stated by consumer technology news source, CNET.