Columbia University in the City of New York was awarded $185 million 💵💵💵💰💰💰
by a jury in Virginia, after finding that NortonLifeLock Inc. willfully and literally infringed two patents related to cybersecurity safeguards invented by Columbia professors.
The unanimous verdict👩🏽⚖️ followed a two-week trial in the U.S. District Court for the Eastern District of Virginia in a case filed by Columbia in December 2013.
The jury 🏛 awarded Columbia $185,112,727 in reasonable royalties on the two patents through February 28 of this year.
The trial focused on whether Norton infringed two patents and had fraudulently concealed its filing of a third patent for technology developed by Columbia professors Salvatore Stolfo and Angelos Keromytis of the University’s Intrusion Detection Systems Laboratory (“IDS Lab”). The jury found Professors were co-inventors of that patent along with Darren Shou of Norton.
⚠️Having a patent alone doesn’t stop infringement
⚠️…and it won’t guarantee you $185M.
Building a portfolio of IP assets including:
✅and other IP tools
for fortifying your intellectual property is where it starts.
✅Developing a clear IP strategy complete with:
✅a ready to execute action plan
✅being prepared for if/when infringement occurs
can help to position you for enforcement and defense of your IP rights.
Do you have a clear IP strategy?
Is your IP protected?