SAP Ordered to Post $1.3 Billion Bond in Oracle Case
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SAP AG, the business software maker ordered in November to pay $1.3 billion to rival Oracle Corp., must get a bond for that amount while it seeks to reduce or appeal the damage award, a judge ordered.
Oracle accused SAP’s U.S.-based TomorrowNow software-maintenance unit of making hundreds of thousands of illegal downloads and several thousand copies of Oracle’s software to avoid paying licensing fees and to steal customers. A jury awarded the damages after an 11-day trial in Oakland, California. It was the largest U.S. jury award of 2010.