Friday, August 21, 2009
Another quick update on Microsoft Word order in Texas -- Parties agree Microsoft doesn't have to post a bond
Just another quick follow up on the judgment entered against Microsoft in Texas in i4i v. Microsoft. Read my earlier posts here, and here.
Yesterday, the Court entered a stipulated order, allowing Microsoft to avoid posting a bond or other security pending its appeal (including any appeals to the Supreme Court). Microsoft included a verification that it has the present ability to pay (approximately $290,000,000) and it will provide plaintiff with updated verifications quarterly indicating that Microsoft still has the ability to pay. If there comes a point in time that Microsoft doesn't have the ability to pay, it will notify i4i, the plaintiff, within 7 days. Finally, Microsoft agreed that, should any payments be due on the judgment after the appeal finishes, Microsoft will pay within 15 days. Additionally, the parties left open the option to come back to the Court and ask for a modification of the order.
You can read the order here.