BRIEF-Akoustis Technologies Says District Court Issued Order Denying Qorvo's Motion To Amend Jury's Finding

Reuters10-17

Oct 17 (Reuters) - Akoustis Technologies Inc :

* AKOUSTIS TECHNOLOGIES: DISTRICT COURT ISSUED ORDER DENYING QORVO'S MOTION TO AMEND JURY'S FINDING OF NO INFRINGEMENT UNDER NORTH CAROLINA UDTPA

* AKOUSTIS TECHNOLOGIES: VERDICT IN QORVO LITIGATION AWARDING QORVO ABOUT $38.6 MILLION IN DAMAGES WITH FEES, INTEREST AWARDS OF $19.0 MILLION

* AKOUSTIS TECHNOLOGIES: VERDICT IN QORVO LITIGATION HAVE CREATED SIGNIFICANT UNCERTAINTY REGARDING CO'S FINANCIAL CONDITION & PROSPECTS

* AKOUSTIS TECHNOLOGIES : CONTINUING TO EVALUATE IMPACT OF VERDICT & RELATED AWARDS ON ITS BUSINESS, RESULTS OF OPERATIONS, FINANCIAL CONDITION

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment