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Apple pays $2.6m bond to halt Samsung Galaxy 10.1 sales in the US



Apple has posted the $2.6m bond requested by the courts when they won an injunction against Samsung to halt Galaxy Tab 10.1 sales in the US. What does this mean? It means the injunction has now officially started, and if Samsung doesn’t immediately sales, they could be sanctioned for contempt.

According to AppleInsider:

The $2.6 million bond posted by Apple is necessary to protect Samsung in the event that the Korean electronics maker appeals the injunction and succeeds. If the current injunction is found to have been improperly granted, Samsung could be awarded that money to compensate for any losses.

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About the Author

Dustin KarnesDustin Karnes is a technology fan and Android fanatic. He fills his days with enterprise level tech support, and free time with Android news and reviews, and occasionally takes a peek at the world outside his window long enough to see the sun. His articles have been featured on many Android / Technology sites, and he runs an HTC Evo 3D, rooted and running any number of custom ROMs. He is a husband to a wonderful wife and father to two beautiful girls, and resides in Houston, TX.View all posts by Dustin Karnes →