December 29, 2010 – SAP must pay interest on the $1.3 billion it owes Oracle in an illegal downloading suit, though at a vastly reduced amount than initially requested, a federal judge ruled.
U.S. District Court Judge Phyllis J. Hamilton denied Oracle’s request for an interest payback of $211 million, cutting the amount to be paid by SAP to $16.5 million. The interest ruling by the California judge was based on hypothetical agreements between the companies, Treasury rates and the “size of the jury award,” according to court documents.
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