TiVo (TIVO) Comments on Decision by U.S. Court of Appeals to Stay Permanent Injunction Issued Against EchoStar (SATS)
TiVo Inc. (Nasdaq: TIVO) today announced that U.S. Court of Appeals for the Federal Circuit granted the request of EchoStar (Nasdaq: SATS) and its related companies to stay the contempt order imposed by the U.S. District Court pending the outcome of EchoStar's appeal.
"We are confident that the District Court judge's thorough and well-reasoned decision finding EchoStar in contempt of court for violating the injunction and awarding further damages will be upheld once the Federal Circuit has the opportunity to review the merits of the case. The Court of Appeals stayed the District Court's order the previous time this case was heard on appeal and ultimately affirmed the judgment against EchoStar. We are pleased that the court recognizes the urgency of ruling on this appeal and has ordered an expedited briefing schedule."
Related Categories
Corporate NewsStocks Mentioned
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
