Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.

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May 29, 2001

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4812 Radiotelephone Communications
517312 Wireless Telecommunications Carriers (except Satellite)
intellectual property
economic damages & lost profits
Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.
No. C035616 (CA App. 3 Dist. 2001)
US
State Court
California
Court of Appeal
Blease

Summary

The California Court of Appeal considered whether Zaxis had the ability to pay a punitive damages award. The appellate court noted that while Zaxis had a negative net worth for accounting purposes, it had available $19 million cash on hand and a $50 million credit line.
Zaxis Wireless Communications, Inc. v. Motor Sound Corporation, et al.
PDF, Size: 365 KB

See Also

Available Line of Credit Evidences Ability to Pay

Legal and Court Case Update
May 29, 2001

The California Court of Appeal considered whether Zaxis had the ability to pay a punitive damages award. The appellate court noted that while Zaxis had a negative net worth for accounting purposes, it had available $19 million cash on hand and a $50 million credit line.

This article also appears in:
Intellectual Property Valuation Case Law Compendium, Fourth Edition