-- U.S. court denies Samsung's request to stay a recent injunction on
the sale of its Galaxy Tab device in the U.S.
-- Samsung says it will continue to pursue an appeal against the injunction
-- Samsung shares underperform the broader Kospi index Tuesday amid
lingering concerns about the legal dispute
SEOUL--In the latest development in Samsung Electronics Co.'s
(005930.SE) legal battle against Apple Inc. (AAPL), a California court
has denied the South Korean technology giant's request to stay a
recent injunction on the sale of one of its tablet devices in the U.S.
pending an appeal.
U.S. District Judge Lucy Koh said in a court document that Samsung
hadn't established that it would likely suffer "irreparable harm"
without a stay of the preliminary injunction, issued June 26 at the
request of Apple.
The injunction bars Samsung from selling the Galaxy Tab 10.1 tablet in the U.S.
Samsung said Tuesday it was disappointed with the court's decision on
the stay request, and it will continue to pursue its appeal against
the injunction.
Apple and Samsung have been fiercely competing in the fast-growing
markets for smartphones and tablet computers, while their legal
battles involving patent infringement claims have been escalating.
In addition to the injunction against its tablet computer, Samsung on
Friday suffered a separate legal setback when Judge Koh issued a
preliminary injunction against its Galaxy Nexus smartphone, banning
the company from selling or importing the device into the U.S.
Samsung has also appealed that injunction as well as requested a stay
pending appeal.
Samsung shares were little changed Tuesday, edging up 0.1% to
KRW1,175,000 and underperforming the 0.9% gain in South Korea's
benchmark Kospi index. The company's shares had fallen 2.3% Monday
following the injunction order against the smartphone.
In April 2011, Apple initiated a legal action against Samsung for
allegedly copying the designs of its iPhone and iPad. Apple and
Samsung have around 30 patent litigation cases against each other in
around 10 countries. -Write to Jung-Ah Lee at jung-ah.lee@dowjones.com
(An earlier item misstated the nature of the court's decision in the
first and second paragraphs.)
(END) Dow Jones Newswires
July 02, 2012 23:15 ET (03:15 GMT)
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