October 29, 2008 - Pioneer Corp. was awarded $59 million following a verdict of willful infringement against South Korea's Samsung SDI Co. Ltd. and Samsung Electronics Co. Ltd., as well as Samsung Electronics America Inc., based on Ridgefield Park, New Jersey.
The verdict was the result of an eight-day trial in the U.S. Court for the Eastern District of Texas in Marshall, TX. The jury ruled in favor of Pioneer on every count, affirming the company's allegations of willful infringement against Samsung.
The complete verdict amount awarded to Pioneer included awards for lost profits and royalties, and totaled $59,351,480.
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