—
price jumped 62 percent Thursday after the company announced that it was
due to receive some
court ruling in a long-running patent battle with TV technology company
lower court contempt ruling against
judgment against the company. As a result,
contempt sanctions,
said in a statement.
The court agreed with the lower court that
disable the DVR feature in its devices, despite court rulings that the
feature violated
patent. It also agreed that
around the patent were “wholly unsuccessful.”
“We are persuaded that there was clear and convincing
evidence before the district court to find that …
continue to infringe and that it was not an abuse of discretion for the
court to find
in contempt,” the appeals court stated in its ruling.
was “pleased” by the ruling, and that it would continue to seek damages
and sanctions against
as long as the latter continues to infringe on its patents.
“We will continue our efforts to protect our
intellectual property from further infringement,” the company said in
the statement.
Noting that one of the three appellate judges
dissented from the decision,
also a party to the suit, said they would seek to have the ruling
reviewed by the full court. The companies, both based in
also said they are working to design around
court review.
“At this time, our DVR customers are not impacted,”
in the statement.
soared on the news, closing up 62 percent at
against
six years ago, charging it with violating its patents on DVR technology.
A little more than two years ago, after a string of court defeats,
million
injunction against the company, barring it from infringing on
The award boosted
post its first-ever full-year profit.
last year, accusing the company of continuing to infringe the patent.
The district court found in favor of
for violating the injunction.
In contrast to
the news, and were down just
close at
—
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