August 3, 2012 - SAP agreed to pay $306 million in damages to its competitor Oracle Corp. in order to avoid a new trial over copyright infringement. Under the agreement, which requires court approval to finalize, SAP has also paid Oracle $120 million in legal fees.
In 2010, a jury determined that SAP's now-defunct subsidiary TomorrowNow was liable for copyright infringement for wrongfully downloading millions of Oracle files related to its business management software.
"Although we believe that $306 million is more than the appropriate damages amount, we agreed to this in an effort to bring this case to a reasonable resolution," said an SAP spokesman.