Aug. 26 at 7:54 PM
$SHLS $7.15 last
Holding position at profit as REVISIT/SELL prior position at
$25.63
https://stocktwits.com/G101SPM/message/531923452
Current cost
$4.97
https://stocktwits.com/G101SPM/message/592315992
BRIEF: Shoals wins
$96 mln patent verdict against Voltage; court indicates immediate U.S. injunction on LYNX product
note: A North Carolina jury found Voltage willfully infringed Shoals patents, awarded Shoals more than
$96 mln in damages, and rejected challenges to patent validity.
The court indicated it will grant a preliminary injunction with immediate effect blocking manufacture, distribution, or sale of Voltage's LYNX product in the U.S.
Shoals said the damages award could be increased at the court's discretion because of the willfulness finding.
The ruling follows Shoals' June ITC win barring importation of the infringing LYNX product; the presidential review period has lapsed without intervention.
