Texas court signs judgment in favor of Dillard’s

Scottsdale, Ariz. JDA Software Group announced Friday that a district court of the state of Texas signed a final judgment awarding $237.8 million to Little Rock, Ark.-based Dillard’s. The defendant is i2 Technologies, which JDA acquired in January.

A jury in Dallas County awarded Dillard's $225 million in the case in June. Dillard's alleged i2 did not meet its obligations in a licensing agreement, and it sued i2 for fraud and breach of contract and warranty.

The $237.8 million judgment includes interest of 5% per year.

JDA said it will appeal the judgment and file additional motions seeking a new trial and a smaller judgment. The company said i2 posted a $25 million bond, which means it won't have to pay the judgment until the appeals process is over. Appeals could last several years, JDA said.

 

Recommended stories

Login or Register to post a comment.