Retail chain Dillard's won $246 million in damages from i2 Technologies, owned by JDA Software since January, over a supply chain software license spat.
JDA Software on Wednesday announced the jury verdict in a Texas district court. According to JDA, Dillard’s alleged that i2 had failed to meet obligations for two products that were licensed. Dillard’s paid $8 million for the software.
Hmm. Dillard's paid $8 million and received $246 million in damages ($8 million direct). With ROI like that these big-bang IT projects look much more palatable even when you factor in consulting costs.
JDA Software isn't pleased. The company said the jury awarded $246 million in damages "under various theories." JDA aims to overturn the verdict since Dillard's acquired the i2 software in 2000 and used it for years before filing the lawsuit. In addition, Dillard's is still using the software.
In a statement, JDA said:
JDA is evaluating the outcome and intends to pursue all available paths to overturn the verdict. JDA believes it has several grounds for reversal or significant reduction of the verdict and that a more reasonable resolution will ultimately be reached.