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Apple puts up $2.6 million as a bond for an injunction To ban Samsung Galaxy Tab 10.1 sales

By Aldo Panessidi

Apple puts up $2.6 million as a bond for an injunction  To ban Samsung Galaxy Tab 10.1 sales

Last week, Apple posted a $2.6 million bond in the U.S. District Court for the Northern District of California to ban the Samsung Galaxy Tab 10.1 tablet from being sold in the United States. As soon as Apple got their preliminary injunction and posted their bond, Samsung filed their appeal for a stay of the injunction. Judge Lucy Koh, the same judge who has decided many of the recent lawsuits, will hear arguments sometime soon.

Apple and Samsung are the world's two biggest makers of high-end phones including the Apple iPhone 4S, Samsung Galaxy S3, Galaxy S2, Galaxy Note and Galaxy Nexus. They’ve been accusing each other of copying designs and technology for mobile devices and are locked in patent battles all over the world. What’s at stake are profits from the $119 billion global tablet market.

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