Samsung Sued Over Phone Value After Apple Patent Verdict

Law360, New York (February 05, 2014, 4:20 PM ET) -- A proposed breach of warranty class action filed Tuesday against Samsung Electronics Co. Ltd. alleges that the value of Samsung's smartphones has "dropped dramatically" since they were found to infringe Apple Inc.'s patents and seeks a refund for consumers.

The suit said that because of legal findings that Samsung infringes Apple patents, most notably a nearly $1 billion jury verdict in 2012, Samsung products now have a much lower resale value than they would have otherwise, breaching Samsung's implied warranty to consumers that it was selling them...
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