Psystar agrees to pay Apple $2.7M in settlement

by Milind Alvares

Psystar agrees to pay Apple $2.7M in settlement

by Milind Alvares on December 2, 2009

Psystar agrees to pay Apple $2.7M in settlement →

Can you believe that! I’m not heavy on the law, but I’m pretty sure this means it’s over. The details are all at AppleInsider. Neil Hughes reports:

At question is Psystar’s ability to pay the $2.7 million in damages. The company filed for bankruptcy earlier this year, only to emerge from Chapter 11. But Psystar’s total assets, according to court filings, are said to be less than $50,000. Apple, in seeking a permanent injunction to prevent Psystar sales, told the court last week that it believed the company would be unable to pay any damages.

“Even if Psystar could pay damages, the harm to Apple’s brand, reputation and goodwill is unquantifiable,” Apple said.

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