Other Events ·
Jury awards $5.7 billion to plaintiff in patent suit against Apple; Burford expects up to $1.4 billion
BURBurford Capital Ltd
On September 28, 2026, Burford Capital Limited issued a press release regarding a jury verdict in the patent litigation matter Taction Technology, Inc. v. Apple Inc. A jury awarded $5.7 billion in damages to the plaintiff on September 25, 2026. If paid as rendered, Burford’s financial entitlement would be approximately $1.4 billion, split roughly equally between its balance sheet and investment funds. The company cautioned that this amount is subject to significant post-trial motions, appellate scrutiny, and collection risks, noting that large patent verdicts rarely survive intact without reduction. This filing discloses a potential material gain contingent on the final resolution of the legal proceedings. Burford Capital Limited operates as a global finance and asset management firm focused on law, providing litigation finance, risk management, and asset recovery services.