Samsung Faces $15 Billion Fine in Europe
Apple and Samsung have been raging a legal war against each other over the past several months, and while Samsung lost a $1 billion lawsuit earlier this year, the company may be in for even more hurt. Samsing might be facing a serious blow from the European commission for trying to get Apple products banned in Europe.
Essentially, Samsung could face a $15 billion fine for using “standard-essential” patents in its attempts to ban Apple devices in its ongoing patent battle with Apple. The European commission could tack on a massive fine of up to 10% of Samsung’s global turnover following its investigation into Samsung’s use of these standard-essential patents. Samsung’s revenue totaled $148.9 billion in 2011, so fines in Europe alone could reach $14.8 billion.
Source: Slashgear. Read full article. (link)
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