Post: PS3's Seized In Europe Are Set Free
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03-10-2011, 10:57 PM
#1
420
Kush Friendly
PS3 Block Lifted In Europe
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Today, a court decision has been passed allowing the enormous quantity of the PS3 systems which were previously seized upon their arrival in Europe to be released. As of now, Sony is allowed to continue their distributions to the retailers. This recent court order followed the previous order which initially seized around 300,000 PS3 systems.
LG suspected Sony for violating certain LG-owned Blu-ray patents; the primary cause of the block. However, the decision made today doesn’t exactly mean that Sony is in the clear.
FOSS Patents state their reason for lifting the block:
Originally posted by another user
This kind of measure didn't seem fair given the history of negotiations between the parties.
Sony’s final outcome will be decided at a later time. As of now though, the PS3’s confiscation is no longer valid. LG will be forced to compensate Sony slightly more than $179,000 for legal fees. Also, an additional fine of $275,000+ will be added each day that LG fails to cooperate.
Regarding the final outcome of the case, if Sony were to be found guilty of violating patents, they would owe big amounts to LG. Reportedly, LG want’s between $2.50 and $2.55 for each device sold. Now, those numbers may seem petite, but in the end, LG would be in the clear for a generous amount of money. According to such figures, $150-$180 million would be owed for every device sold in the past, and by way of future payments, LG is looking at obtaining an additional $350 million. All in all, nothing can be certain until we see an end to this on going case.
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03-10-2011, 10:59 PM
#2
Fail
I Break The Rules.
Originally posted by 20
PS3 Block Lifted In Europe
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Today, a court decision has been passed allowing the enormous quantity of the PS3 systems which were previously seized upon their arrival in Europe to be released. As of now, Sony is allowed to continue their distributions to the retailers. This recent court order followed the previous order which initially seized around 300,000 PS3 systems.
LG suspected Sony for violating certain LG-owned Blu-ray patents; the primary cause of the block. However, the decision made today doesn’t exactly mean that Sony is in the clear.
FOSS Patents state their reason for lifting the block:
Sony’s final outcome will be decided at a later time. As of now though, the PS3’s confiscation is no longer valid. LG will be forced to compensate Sony slightly more than $179,000 for legal fees. Also, an additional fine of $275,000+ will be added each day that LG fails to cooperate.
Regarding the final outcome of the case, if Sony were to be found guilty of violating patents, they would owe big amounts to LG. Reportedly, LG want’s between $2.50 and $2.55 for each device sold. Now, those numbers may seem petite, but in the end, LG would be in the clear for a generous amount of money. According to such figures, $150-$180 million would be owed for every device sold in the past, and by way of future payments, LG is looking at obtaining an additional $350 million. All in all, nothing can be certain until we see an end to this on going case.
Thanks for this man!
The following user thanked Samberg for this useful post:
03-10-2011, 11:33 PM
#4
salventura
Skull Crusher
Thanks for sharing the info. It's only right that LG compensate Sony for the legal fees, but I'm curious to see how this case ends. Keep us posted.
03-11-2011, 01:37 AM
#6
xScreamo!
Trading Kids For Angel Dust
Originally posted by 20
PS3 Block Lifted In Europe
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Source: You must login or register to view this content. // By: MR.4:20 // March 10th, 2011.
Today, a court decision has been passed allowing the enormous quantity of the PS3 systems which were previously seized upon their arrival in Europe to be released. As of now, Sony is allowed to continue their distributions to the retailers. This recent court order followed the previous order which initially seized around 300,000 PS3 systems.
LG suspected Sony for violating certain LG-owned Blu-ray patents; the primary cause of the block. However, the decision made today doesn’t exactly mean that Sony is in the clear.
FOSS Patents state their reason for lifting the block:
Sony’s final outcome will be decided at a later time. As of now though, the PS3’s confiscation is no longer valid. LG will be forced to compensate Sony slightly more than $179,000 for legal fees. Also, an additional fine of $275,000+ will be added each day that LG fails to cooperate.
Regarding the final outcome of the case, if Sony were to be found guilty of violating patents, they would owe big amounts to LG. Reportedly, LG want’s between $2.50 and $2.55 for each device sold. Now, those numbers may seem petite, but in the end, LG would be in the clear for a generous amount of money. According to such figures, $150-$180 million would be owed for every device sold in the past, and by way of future payments, LG is looking at obtaining an additional $350 million. All in all, nothing can be certain until we see an end to this on going case.
I just saw a thread on this
Hope you posted this thread first =DYou must login or register to view this content.
PICHU.
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