An intellectual property lawsuit tried in federal court in Connecticut resulted in the award of $176.5 million for one of the parties. It was ruled that a device marketed and sold by Johnson & Johnson infringed upon a patent owned by an Irish company named Covidien.
New ventures often invest tens of millions of dollars in technology, patents, real estate and facilities, and in hiring the right talent for the business. Every decision at this point in time has its risks, and any company wants to avoid making mistakes that may prevent the business from even starting up.
Apple has been wrapped up in another serious lawsuit that alleges patent infringement; and unlike their duel with Samsung, this legal battle did not go their way.