IDT Must Pay $10M In Gift Card Patent Suit

Law360, New York (August 19, 2011, 3:05 PM EDT) -- A Texas federal judge on Thursday entered a $10.1 million final judgment in favor of patent-holding company Alexsam Inc. after a jury found in February that telecommunications company IDT Corp. infringed its patents for gift card technology.

U.S. Magistrate Judge Charles Everingham IV denied IDT's motion for a new trial on damages, along with most of the company's motions for judgment as a matter of law.

"The jury’s verdict on damages in this case is not against the weight of the evidence and the damages are...
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