The Incredible Shrinking Judgment
Wed, 04/29/2009 - 23:59 — Paul Lerner
A previous blog entry – which will not be repeated here – dealt with the strange case of Cornell University v. Hewlett Packard Co., wherein the plaintiff, despite warnings by the trial judge that their damages model was defective, initially sought damages of $575M. The jury found for the plaintiff and awarded damages of $184M. The judge reduced the award to $53M.
Apparently determined to go for broke, Hewlett Packard has appealed this decision to the CAFC. Although some may deem this quibbling over such sums as unseemly, we’ll keep you – the reader – informed. We find it fascinating.
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