obligation

Microsoft is obliged to pay over $105 million for violating VirnetX patent

March 17, 2010 - 5:51am | Law aspects | News

Texas court obliged Microsoft to pay VirnetX, communications software producer, $105.75 million after a jury found the software giant guilty of intended violation of two patents belonging to the company.

In the case that started over two years ago, VirnetX blamed Microsoft for violating the two patents, which are related to communications security, at the US District Court for the Eastern District of Texas.

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MasterCard agreed to pay a fine with a 16% discount

July 3, 2009 - 5:25am | Law aspects | News

The world's second-largest credit card provider MasterCard revealed it decision to agree with prepaying its obligations under a legal settlement with US vendors and will receive a 16% discount. Thus, the company announced on Thursday, it is to pay $335 million to settle obligations through 2012 totaling $400 million.

Subjected to court approval, the prepayment is to be carried out on September 30.

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