Psystar to Apple: Would You Consider $50,000 Cash and $2.65 Million in Unsold Hackintoshes?
If this isn’t the end of the line for Psystar, it’s damn near close to it. According to court papers filed Tuesday, the Mac clone maker has opted to pay $2.7 million in damages rather than continue its ill-starred legal battle with Apple.
Under the terms of the agreement, Psystar will pay Apple (AAPL) damages totaling $1,337,550 for all the copyright, DMCA, and breach of contract claims against it and another $1,337,500 in attorney fees and additional damages. In return, Apple will drop all its trademark, trade dress and unfair competition claims against Psystar. Cupertino has also agreed not to “seek to execute on the money judgments…until any and all appeals in this matter are concluded or the time for filing any such appeal has lapsed.”
Not that Apple is likely to collect that money, anyway. As I’ve noted here before, Psystar’s total assets, according to its bankruptcy filing, are no more than $50,000.
The agreement if full, below.