$200M Looks Too High For SNMP IP Claim, Nortel Judge Says
Law360, Wilmington (July 7, 2016, 8:40 PM EDT) -- A Delaware bankruptcy judge said Thursday that even though it appears software company SNMP Research International Inc. could be asserting up to $200 million in claims against Nortel connected to a years-old copyright infringement dispute, the sides ought to come to a settlement “far below” that figure.
U.S. Bankruptcy Judge Kevin Gross made the observation in an opinion clarifying an earlier ruling that Nortel did in fact transfer SNMP’s software to buyers that included Avaya Inc. in a 2010 post-petition sale of its enterprise solutions business that raised nearly $1 billion for the estate, but that the burden falls on SNMP...
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