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Stock Market & Financial Investment News

News Breaks
February 12, 2013
07:57 EDTMRVLCarnegie Mellon wants Marvell to pay three times jury award, Reuters reports
Carnegie Mellon University is asking a U.S. District Court in Pittsburgh to make Marvell Technology Group (MRVL) to pay up to three times the $1.17B jury verdict that they were ordered to pay in December for patent infringement, reports Reuters. The university said Marvell knew it was using Carnegie Mellon patents wrongfully and should pay up to triple damages as a result. Carnegie Mellon also is seeking $321 million in pre-judgment interest.Reference Link
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