RE: Mediation / settlement talks - resumption?14 Aug 2022 18:10
dennemeyer.com/ip-blog/news/how-are-damages-calculated-in-patent-infringement-cases/
"United States: American courts use lost profits and the failure to collect a reasonable fee from a licensee to calculate a damages award. Determination of the former depends on proving notable demand for the infringed invention and demonstrating you could manufacture and market the IP as your own product or service. "Enhanced" (i.e., punitive) damages may also be awarded in cases of willful infringement, maxing out at three times the figure arrived at after standard calculation. "
"Additionally, since 2018…ruling in the U.S. Supreme Court, profits lost in foreign markets for IP patented in the United States can factor into final damage calculations. (This is not considered in numerous other countries.) "
My View:
Samsung needs to make Nanoco whole. If Nanoco were a huge corporation with large cash reserves, this lawsuit would have cost very little since the courts would make Samsung pay legal costs. Because Nanoco was forced to seek funding, they will automatically lose 20-50% of any award and not come close to being made whole unless the court treats the funding cost as a legal cost.
In assessing damages, will the court consider the fact that winning an infringement case is far more expensive than for a large corporation? While losing costs Nanoco very little beyond employee and opportunity costs, there is a gigantic cost to winning. In a fair world, Nanoco should receive in entirety the amount that Samsung stole times three (willful infringement and enhanced award). With the increasing frequency of David and Goliath trials, courts should level the playing field by awarding funder costs.