Gigastorage ruled to pay more than TWD1 billion to Philips in DVD patent infringement case

　The Taiwan IP Court handed down a second-instance judgment on the lawsuit filed by Royal Philips for asserting DVD patent infringement against Gigastorage, according to which Gigastorage should pay TWD1,039,500,000 to Royal Philips and the interest thereof accrued over the period from June 25, 2017 through the day when the aforesaid amount is paid in full and also one third of the litigation expenses incurred, as announced by Gigastorage on June 29, 2017. 

　Confronting the vast amount of monetary compensation which is a significant increased amount of the initial award of TWD10.5 million the IP Court determined in the first-instance judgment in March 2016, Gigastorage will lodge an appeal against the second-instance judgment.  (June 2017)
/CCS