financetom
Business
financetom
/
Business
/
Amazon owes $525 mln in cloud-storage patent fight, US jury says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon owes $525 mln in cloud-storage patent fight, US jury says
Apr 10, 2024 6:14 PM

April 10 (Reuters) - Amazon.com's ( AMZN ) Amazon Web

Services, the world's largest cloud-service provider, owes tech

company Kove $525 million for violating its patent rights in

data-storage technology, an Illinois federal jury said on

Wednesday.

The jury determined that AWS infringed three Kove patents

covering technology that Kove said had become "essential" to the

ability of Amazon's ( AMZN ) cloud-computing arm to "store and retrieve

massive amounts of data."

Representatives for Amazon ( AMZN ) did not immediately respond to a

request for comment on the verdict. Kove's lead attorney

Courtland Reichman called the verdict "a testament to the power

of innovation and the importance of protecting IP rights for

start-up companies against tech giants."

Chicago-based Kove sued Amazon ( AMZN ) in the U.S. District Court

for the Northern District of Illinois in 2018. The company said

in the lawsuit that it pioneered technology enabling

high-performance cloud storage "years before the advent of the

cloud."

Kove alleged that AWS' Amazon S3 storage service, DynamoDB

database service and other products infringed the cloud-storage

patents. The jury agreed with Kove on Wednesday that AWS

infringed all three Kove patents at issue, though it rejected

Kove's contention that AWS violated its rights willfully.

AWS had denied the allegations and argued that the patents

were invalid.

Kove also sued Google last year for infringing the

same patents in a separate Illinois lawsuit that is still

ongoing.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GSK Viiv Extends Cabotegravir Licensing Deal to Include HIV Treatment
GSK Viiv Extends Cabotegravir Licensing Deal to Include HIV Treatment
Jul 14, 2025
10:20 AM EDT, 07/14/2025 (MT Newswires) -- GSK's (GSK) majority-owned ViiV Healthcare said Monday it extended its voluntary licensing agreement with the Medicines Patent Pool to cover the use of cabotegravir in a long-acting HIV treatment regimen. The updated agreement allows existing licensees, including Aurobindo, Cipla and Viatris ( VTRS ) , to develop, manufacture, and supply generic long-acting injectable...
Coinbase Faces 'Unfavorable' Setup Ahead of Q2 Results, Oppenheimer Says
Coinbase Faces 'Unfavorable' Setup Ahead of Q2 Results, Oppenheimer Says
Jul 14, 2025
10:23 AM EDT, 07/14/2025 (MT Newswires) -- Coinbase (COIN) seems to be facing an unfavorable setup ahead of its Q2 earnings due to weak trading volume in the quarter, Oppenheimer said in a note to clients Monday. The investment firm said it forecasts Coinbase's Q2 trading volume at $220 billion, down 3% year-over-year and down 44% sequentially, which is 24%...
Varex Imaging Gets $17 Million Orders for Inspection Systems
Varex Imaging Gets $17 Million Orders for Inspection Systems
Jul 14, 2025
10:25 AM EDT, 07/14/2025 (MT Newswires) -- Varex Imaging ( VREX ) said Monday that it has received about $17 million in orders from international customers. The orders are for high-energy non-intrusive cargo and vehicle inspection systems for placement at sea and land ports, according to the company. Shares of the company were down over 2% in recent trading. Price:...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved