Samsung shares rise as Apple seeks $707m more in damages

<p>Apple is seeking $707 million more in damages for patent infringements from rival Samsung.</p>

Samsung shares have climbed on the Frankfurt Stock Exchange this morning (September 24th) following news Apple is seeking an additional $707 million (£436 million) in damages from the South Korean company for patent infringements.

This follows a recent court case where a US jury voted in favour of the Californian iPhone and iPad manufacturer, which saw its Asian rival handed a $1 billion fine for using technological developments conceived and protected by Apple.

Both companies have been locked in legal battles around the world and on Friday, the Californian organisation asked for a larger payout on account of the allegedly irreversible "damage to the iPhone's distinctive product identity" Samsung's patent infringements have caused.

At 11:45 BST today, Samsung's share price on the Frankfurt Stock Exchange was 1.4 per cent higher to €456.50, while Apple was steady at close of play last week on the Nasdaq at $700.10.

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