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Limelight Networks (LLNW) Provides Update on Level 3 Post-Trial Motions

June 24, 2009 8:05 AM EDT
LLNW Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

EPS Growth %: -25.0%
Limelight Networks (NASDAQ: LLNW) announced that the United States District Court for the Eastern District of Virginia denied Level 3 Communications' post-trial motion for judgment as a matter of law (JMOL) and motion for a new trial.

In January, a jury found that Limelight Networks did not infringe any asserted claims of the patents at issue in the case Level 3 Communications, LLC. v. Limelight Networks, Inc. (United States District Court for the Eastern District of Virginia, Civil Action No. 2:07cv589).
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