triple damages News

Judge Triples Award for Hewlett Packard Against Quanta in Price-Fixing Scheme

HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. …

Supreme Court to Hear Bids to Thwart Triple Damages in Patent Cases

The U.S. Supreme Court on Monday agreed to consider whether a $70 million jury award that Stryker Corp. won against Zimmer Biomet Holdings Inc. for patent infringement should be tripled. The justices agreed to hear an appeal filed by Stryker …