Scientific games ordered to pay $315M in antitrust case

Scientific games ordered to pay $315M in antitrust case

Executives with Las Vegas primarily based on line casino machine manufacturer scientific video games are expected to challenge a $315 million jury award reached in opposition to the business.

Scientific referred to Tuesday in a Securities and alternate fee filing that “the enterprise believes the jury reached the infamous effect and should seek evaluate of each the finding of legal responsibility and the damages award, both earlier than the trial courtroom and, if imperative, on attraction.”

The business changed into ordered to pay $105 million to 4 companies after a federal jury in Chicago concluded that patents on computerized card shuffling machines in litigation filed with the aid of Scientific were invalid and that the business became attempting to keep rival companies out of the market in violation of antitrust legal guidelines.

U.S. District decide Matthew Kennelly of the Northern District of Illinois had authority to triple the damages and did. The business also changed into ordered to pay lawyer fees and fees. Scientific has until Sept. 5 to file any submit-trial motions.

The court order says Scientific, doing company as Shuffle master, SHFL amusement and Bally Gaming all groups Scientific has absorbed in acquisitions need to pay Shuffle Tech overseas LLC $135 million, Poydras-Talrick Holdings LLC $75 million, Aces Up Gaming $forty five million, and Shuffle Tech as an assignee of Digi Deal Corp $60 million.

In Scientific’s SEC submitting, the business noted in October 2015, the district court brushed aside all of the plaintiff’s claims with prejudice apart from claims concerned with antitrust legal guidelines regarding fraudulent procurement of patents on card shufflers.

The jury trial started July 16 and concluded Tuesday.

On account that Tuesday, Scientific games stock, traded on the NASDAQ market, has fallen 5.5 p.c to $33.40 a share at Wednesday’s close.

Authored by: Admin