Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / memo-vantage-point-markman-outcome.docx
memo-vantage-point-markman-outcome.docx
Parties
Harkness LLP
Optiwave Semiconductor Corp
Stein LLP
The Litigation Optiwave Semiconductor Corp
Apex Claim Analytics LLC
Dates
February 23, 2023
February 17, 2023
February 24, 2023
June 3, 2022
November 14, 2022
January 15, 2022
March 28, 2022
January 30, 2023
September 6, 2016
Amounts
$42.8
$75
$74.5
$1.87
$148.6
$62.3
$4.2
$2,549,568
$1.65
$215
Obligations
With only the '890 Patent potentially remaining in the case — and weakly — the damages analysis must be fundamentally reconsidered
With three patents eliminated, the model cannot simply be scaled down — it must be rebuilt from the ground up, an exercise that would require additional expert fees and would yield a dramatically reduced damages figure
8 million must be materially revised downward
Impact on OWS Enterprise Value and Exit Considerations For purposes of Vantage Point's investment thesis and exit planning, the Markman Order's impact must be assessed in the context of OWS's overall enterprise value
Realistic settlement outcomes, in C&H's assessment, range from: (a) A mutual cross-license agreement with nominal or de minimis royalty payments, providing both parties with freedom to operate under each other's patent portfolios going forward; (b) A mutual walk-away with full mutual releases and covenant not to sue, with no monetary payment in either direction; or (c) In a less favorable scenario, a settlement in which OWS agrees to dismiss the case with prejudice and pays a portion of Lumos's attorneys' fees in exchange for mutual releases (though C&H would resist this outcome)
This is a sunk cost that must be accounted for in OWS's financial reporting