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.
In a statement, SAP maintained its belief that Oracle should only receive the $1.3 billion from the previous jury ruling, though said Tuesday’s ruling was based on a “proper calculation” of the interest rate.
In November, former SAP subsidiary TomorrowNow was found guilty of illegally downloading software and customer documents from Oracle. SAP closed TomorrowNow after the downloads were discovered and has stated it regrets the illegal actions by the company.
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