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Business & Legal Editors
ROCHESTER, N.Y.--(BUSINESS WIRE)--Feb. 25, 2002
Following a December ruling that Xerox Corporation's (NYSE: XRX) Unistrokes(R) patent is valid and was infringed by Palm Inc. and 3Com Corp.'s handheld electronic organizers, the U.S. District Court on Feb. 22 ordered Palm and 3Com to post a $50 million bond with the court.
Palm and 3Com are appealing the judge's Dec. 20, 2001, ruling for Xerox's patent validity. Should Xerox prevail on that appeal, the $50 million bond "will ensure that Xerox is able to collect at least some, if not all, of the damages it will suffer as a result of 3Com's infringement during the appeal…
Source: HighBeam Research, Palm, 3Com Ordered to Post $50 Million Bond in Xerox...