廣告
香港股市 已收市
  • 恒指

    16,541.42
    +148.58 (+0.91%)
     
  • 國指

    5,810.79
    +82.66 (+1.44%)
     
  • 上證綜指

    3,010.66
    +17.52 (+0.59%)
     
  • 滬深300

    3,520.96
    +18.18 (+0.52%)
     
  • 美元

    7.8255
    +0.0025 (+0.03%)
     
  • 人民幣

    0.9228
    -0.0004 (-0.04%)
     
  • 道指

    39,807.37
    +47.29 (+0.12%)
     
  • 標普 500

    5,254.35
    +5.86 (+0.11%)
     
  • 納指

    16,379.46
    -20.06 (-0.12%)
     
  • 日圓

    0.0514
    -0.0000 (-0.04%)
     
  • 歐元

    8.4402
    -0.0290 (-0.34%)
     
  • 英鎊

    9.8760
    -0.0090 (-0.09%)
     
  • 紐約期油

    83.10
    +1.75 (+2.15%)
     
  • 金價

    2,254.40
    +41.70 (+1.88%)
     
  • Bitcoin

    70,736.30
    +1,807.14 (+2.62%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Court Awards Nearly $140M To Patent Firm Outperforming The Market

https://cdn.benzinga.com/files/images/story/2023/03/17/bz_briefs_tech_3.png?optimize=medium&dpr=2&auto=webp&crop=1200%2C800

  • U.K.'s High Court ordered Lenovo Group Ltd (OTC: LNVGF) (OTC: LNVGF) to pay $138.7 million to InterDigital, Inc (NASDAQ: IDCC) in settlement of a licensing dispute.

  • The Court urged Lenovo to pay the penalty for a license to InterDigital's portfolio of 3G, 4G, and 5G patents and pay in full for past sales dating back to 2007.

  • The Court will decide whether additional interest is due on the one-time payments.

  • "We welcome the Court's decision as the first major SEP FRAND judgment that recognizes that a licensee should pay in full for the past infringement of standard essential patents, and we agree with the Court that this could be a powerful way of guarding against patent holdout in the future," commented Josh Schmidt, Chief Legal Officer, InterDigital.

  • "However, we plan to appeal, as we believe that certain aspects of the decision do not accurately reflect our licensing program."

  • In January, InterDigital shared winning a critical decision from a U.K. court in the company's litigation against Lenovo.

  • The Court upheld the lower court decision, confirming that Lenovo infringed a valid and essential InterDigital cellular patent.

  • In July 2021, the U.K. High Court ruled that the patent-in-suit is valid, infringed, and essential to the 4G LTE standard.

  • IDCC has outperformed the market year-to-date. Invesco QQQ Trust (NASDAQ: QQQ) ETF representative of the Nasdaq index has gained 14.04% YTD, while the IDCC shares gained 48.39% YTD.

  • IDCC Price Action: IDCC shares traded lower by 1.32% at $73.45 on the last check Friday.

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article Court Awards Nearly $140M To Patent Firm Outperforming The Market originally appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.