dcsimg

SAP Agrees to Pay Oracle $306 Million in TomorrowNow Case

One of the tech industry's longest-running lawsuits is finally coming to a close.

Computerworld: SAP and Oracle have agreed to a settlement that will end their long-running corporate theft lawsuit. SAP will pay Oracle $306 million and admit that workers at its TomorrowNow subsidiary illegally downloaded Oracle software and support materials.

The case went to trial in 2010, and a jury awarded Oracle $1.3 billion in damages. However, the judge reduced that amount to $272 million. Rather than accept the lower payout, Oracle opted to re-try the case, and the new trial was scheduled to begin later this month. In a joint statement, SAP and Oracle said that they agreed to the settlement "to save the time and expense of this new trial."




Tags: Oracle, software, SAP, lawsuit, TomorrowNow, settlement


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.