EagleView Awarded $375M in Lawsuit Against Xactware
Latest ruling raises damages from $125M to $375M.
According to court documents, the ongoing patent infringement litigation between EagleView Technologies and Xactware's parent company, Verisk Analytics, just resulted in another big win for EagleView. The latest ruling, dated Feb. 16, 2021, awarded EagleView an additional $250 million in damages, after a jury determined Verisk infringed on multiple EagleView patents. This brings total damages to $375 million. Xactware is named a co-defendant in the case.
EagleView was initially awarded $125 million by a jury in September of 2019; now, a federal judge in New Jersey has awarded the company the additional $250 million in what is referred to as "treble damages." According to a legal dictionary, treble damages are: "A recovery of three times the amount of actual financial losses suffered which is provided by statute for certain kinds of cases."