Ariba Infringed EPlus Patents, Jury Finds
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From Bloomberg News
A jury said Ariba Inc., a maker of supply-management software, infringed three patents owned by rival EPlus Inc., a decision that could result in a $294-million damage award against Ariba.
The federal jury is to hold a second trial this week in Alexandria, Va., to determine the amount of damages owed. Herndon, Va.-based EPlus is seeking as much as $98 million, which could be tripled because the jury found that the infringement was intentional.
Ariba, based in Sunnyvale, Calif., said it intended to appeal.
Shares of EPlus rose $2.39, or 19%, to $15.24. Ariba fell $1.71, or 18%, to $8.04. Both trade on Nasdaq.