SAP has gave in to pay Oracle $306 million owing to the corporate-theft case that Oracle filed against it and a former SAP subsidiary in 2007, according to a filing made Thursday in the U.S. District Court for the Northern District of California.
The long-running legal dispute centers on illegal downloads of Oracle software and support materials by SAP subsidiary TomorrowNow, which offered lower-cost support services for Oracle software. SAP admitted liability for actions taken by TomorrowNow workers, and a jury awarded Oracle US$1.3 billion in damages in November 2010.
“To save the time and expense of this new trial … the Parties stipulate to entry of judgment in the amount of $306 million,” Oracle and SAP said in the joint filing on Thursday.
The agreement means Oracle can immediately file its appeal of the ruling that rejected the $1.3 billion award, the company said in a statement. If any future final ruling results in an award of less than $306 million, SAP has agreed to pay the difference, according to the filing.
