Adidas america inc. vs. payless shoesource
After a jury trial awarding plaintiff $305 million in damages based on a reasonable royalty, an accounting of profits, and punitive damages, defendant moved for judgment as a matter of law, a new trial, and remittitur. The district court held that $137 million of the jury's $305 million damages award had been based on plaintiff's overly aggressive and overstated calculation of defendant's profits, and reduced the damages award to $19.7 million. The court also reduced the $137 million punitive damages award to $15 million, largely due to the solely economic nature of the plaintiff's harm.