Apple Loses Bid for New Trial and 3 Morning Hot Stocks Trading Today

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Apple (NASDAQ:AAPL): Current Price $460.78

According to Reuters, US District Court Judge Lucy Koh overruled the jury’s finding that Samsung intentionally violated Apple’s (NASDAQ:AAPL) patents, thereby removing the possibility of the damages awarded against Samsung being tripled. This gives a breather to the Korean electronics giant, as a decision otherwise would have led to the original award of $1.05 billion in damages being revised to over $3 billion. However, both Samsung and Apple lost their bids to set up a new trial.

Picture 269

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business