Oracle was sued SAP in 2007 on allegations that its now-defunct subsidiary, TomorrowNow, had illegally downloaded Oracle’s software while providing software support services to Oracle customers. A California jury awarded Oracle $1.3 billion in 2010, but that amount was knocked down in subsequent judicial rulings by U.S. District Judge Phyllis Hamilton. Earlier this year a federal appeals court said Oracle could either accept $356.7 million, or opt for a retrial against SAP.
Under the settlement proposed to the court, Oracle will receive $356.7 million in damages and $2.5 million in post-judgment interest, according to a filing Thursday in the U.S. District Court for the Northern District of California, Oakland division. Oracle also gets to keep the $120 million already paid to it by SAP towards lawyers’ fees and other costs incurred to prosecute the case.