The company now has to pay $3 million for the snafu, and the DOJ has filed a civil action to have the company forfeit the artifacts.
When defense counsel for BenQ failed to cough up a set of relevant e-mails in the pre-trial discovery phase, Ward, a jurist who has heard more than 160 patent cases in the seven years since his appointment to the federal bench by President Clinton, decided to make an example of the company: BenQ would have to pay a $500,000 fine and forfeit a third of its courtroom time in the upcoming case.
With a game coming up against BYU this weekend, Mizzou would have had to pay BYU $1 million if they were forced to forfeit and the loss of TV rights and advertising would have made the cost even higher.
Bank loans held on undelivered property often cannot be forfeited, and borrowers have had to pay higher interest rates even as banks have not let them walk away from the mortgages.
It has not said whether runners will forfeit this year's entry fee and have to pay another entry fee next year.
Hobby Lobby has agreed to pay a $3 million fine and forfeit thousands of smuggled ancient Iraqi artifacts to settle a lawsuit brought by the Department of Justice.
He also has to forfeit the $300,000, plus a fine not to exceed $100,000.
His base salary for this season is $675,000, so he has to forfeit $421,875.
Of course, if a judge rules in favor of Samsung on this one, then Apple has agreed to pay unspecified damages for time wasted and profits forfeited, reports Bloomberg.
He forfeited over $1.9 million and has agreed to pay more at his sentencing, federal officials revealed publicly Wednesday.
The seller imposed time restrictions on all of our replies and if we did not respond by those deadlines, the "deal was off". Once in escrow, we had to agree to pay extra or forfeit the sale if we were the cause of a delay in closing.
