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Samsung hit with $3 billion dollar lawsuit over patent infringement

 


 

Samsung is being sued by PACid Technologies, a U.S. based data security firm, for patent infringement. This is based on the biometric security features in Samsung Galaxy S6 up to Galaxy S8 including the edge and plus variants, which PACid says are infringing on three of its patents.

According to The Investor and ETNews, the suit was filed with the Texas Eastern District Court on April 6. PACid said the Samsung’s KNOX security system and Samsung PASS biometric operating system infringed on one of its South Korean patents (No. KR20110128567A) and two of its U.S. based patents (No. 9,577,994 and No. 9,876,771).

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The plaintiff stated that Samsung had known about the infringement since 2017. If PACid technologies win the case, Samsung will be paying a sum between $2.8 to $3 billion dollars.

According to industry experts, PACid is more or less a patent troll whose goal is to make money from its patents based on loose interpretation of the patent. The company has also in the past, sued Apple, Google and Nintendo for patents infringement.

In response to the suit, the South Korean company stated that they have begun making preparations for the lawsuit filed against it by PACid.

The South Korean company has met some issues over the past few years which has hindered its growth. In 2016, it had to stop the production of its major flagship due to exploding batteries, while in 2017, the company’s acting CEO, Lee Jae-yong, was charged to court for bribery, perjury, embezzlement, and sentenced to prison but was later released in February.

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Although all these troubles have not really affected the company and with the prediction of making up to $14.5 billion in the first quarter of 2018, a charge of $3 billion dollars will be a paltry sum of money.

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