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Burford Capital

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business-and-technology15 days ago•1 min saved

Apple Faces $5.7B Haptics Verdict; Burford Capital Sees $1.4B Gain

A US federal jury in San Diego has ordered Apple to pay $5.7 billion in damages to Taction Technology for infringing two patents related to haptic feedback systems. The verdict, delivered on September 25, 2026, concerns Apple’s Taptic Engine used in iPhones and Apple Watches. Litigation funder Burford Capital, which backed the case, reported a 9% share price jump and expects to recover up to $1.4 billion, though it warned that Apple’s appeal could reduce or eliminate this return. Apple has vowed to appeal, stating its technology is fundamentally different from Taction’s.

via Financial Times|

#apple-inc #burford-capital #business-and-technology

technology15 days ago•5 min saved

Apple Ordered to Pay $5.7 Billion in Landmark Haptics Patent Verdict

A US federal jury has ordered Apple to pay $5.7 billion in damages to Taction Technology for infringing two patents related to haptic feedback systems. The verdict, delivered on September 25, 2026, concerns Apple’s Taptic Engine, which provides tactile vibrations in iPhones and Apple Watches. Apple has vowed to appeal, arguing its technology is distinct from Taction’s designs, while litigation funder Burford Capital expects to gain up to $1.4 billion from the award.

via bbc.com|

#apple #burford-capital #haptics-technology

business6 months ago•6 min saved

Second Circuit voids $16bn YPF judgment, redrawing Argentina litigation risk

The US Court of Appeals for the Second Circuit overturned a $16bn ruling that Argentina must compensate YPF shareholders, ruling the claims aren’t cognisable under Argentine law; Burford Capital’s shares tumbled on the decision, while YPF stock rose and Argentina welcomed the ruling. The decision reduces the likelihood of payout in the US litigation but leaves room for further appeals.

via Financial Times|

#argentina #burford-capital #business

world1 year ago•3 min saved

US Judge Orders Argentina to Sell 51% Stake in YPF

Argentina was ordered by a US court to relinquish control of its majority stake in YPF within two weeks to satisfy a $16 billion judgment, a move that challenges President Milei's government and impacts the country's economy and bond prices. The ruling stems from a long-standing dispute over the 2012 nationalization of YPF, with Argentina planning to appeal. The case highlights ongoing legal and economic tensions involving Argentina's sovereignty and foreign investment.

via Bloomberg.com|

#argentina #burford-capital #legal-case