July 29, 2014

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

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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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