A federal judge ruled on Monday that Apple would have to pay an additional $184 million in interest. The judgment stemmed from a jury ruling of US$634 million in patent damages. The judgment paid compensation to Massimo due to infringement of Apple Watch equipped with a heart rate monitoring function. Judge James V. Serner rejected Apple's claim. Apple believes that paying interest would give Massimo a windfall. The judge quoted the US Supreme Court's guidance: “Interest is calculated from the date the patent license fee should have been received, and is only used to restore the patentee to the full economic state it was in when there was no infringement.” The judge did not accept the 7% interest rate proposed by Massimo, but instead used Massimo's own loan interest rate when the infringement began in 2020, and interest is calculated on an annual compound interest rate. The ruling of the Central District Court of California also requires that Apple continue to pay post-judgment interest on jury compensation plus pre-judgment interest totaling US$818 million until the judgment is fully implemented.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.