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Amazon Ordered to Pay $122 Million to AlmondNet by Texas Jury
Jun 17, 2024, 09:01 AM
Amazon has been ordered to pay nearly $122 million to AlmondNet, an adtech company based in New York, for infringing on two patents related to personalized ad targeting. The decision was made by a Texas federal jury on June 14, which found Amazon guilty of violating AlmondNet's rights in targeted internet advertising technology.
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Markets
No • 50%
Yes • 50%
Official statements from Amazon or AlmondNet, or news reports
Yes • 50%
No • 50%
Court filings and news reports
No • 50%
Yes • 50%
Court filings and financial reports
No significant change • 34%
Acquire ad tech companies • 33%
Increase R&D in-house • 33%
Amazon's official announcements or industry reports
Seek additional damages • 33%
No further action • 34%
Pursue licensing agreements • 33%
Official statements from AlmondNet or news reports
Appeal denied • 33%
Appeal upheld • 33%
Partial modification • 34%
Court rulings and legal filings