Apple Fined $500mn over 4G Patent Violation

 Apple Fined $500mn over 4G Patent Violation

The California based tech giant Apple was recently ordered by US court to pay a sum of over $500 million in damages and interest over the patent violation.

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The Texas Court has ordered Apple to pay the fine to PanOptis after the company had sued Apple in February 2019. PanOptis had sued Apple for non-payment of royalty to the firm over the 4G patents.

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The violations were caused to the intellectual property held by PanOptis in form of 4G patents. Apple now has to pay a sum of over $500mn to PanOptis as compensation.

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