July 15, 2012 - Research in Motion's financial problems were already fueling speculation about its future. Now more bad news has come RIM's way in the form of a $147.2 million jury verdict in a patent suit.
A jury in Northern California found that RIM infringed Mformation Technologies' patent on a remote management system for wireless devices.
“RIM has worked hard for many years to independently develop its leading-edge BlackBerry technology and industry-leading intellectual property portfolio, and RIM does not believe that the Mformation patent in question is valid,” RIM said in a statement.
RIM plans to appeal the verdict.