Burford Capital: Very Few Large Patent Verdicts Survive Post-verdict Process Intact
India, Sept. 28 -- Burford Capital Limited (BUR,BUR.L) issued a statement regarding the verdict, in a case captioned Taction Technology, Inc. v. Apple Inc., which represents one of the largest patent verdicts in U.S. history. On September 25, a jury in a case in which Burford has a financial entitlement awarded $5.7 billion in damages to the plaintiff. If the verdict amount were paid, as is, Burford's entitlement would be $1.4 billion, split roughly equally between Burford's balance sheet and its investment funds. Burford said the issuance of the jury verdict does not represent a final judgment or cash proceeds received by Burford. The company noted that very few large patent verdicts survive the post-verdict process intact, and that proces...
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