ParkerVision (PRKR) Receives Favorable Prelim. Decision from German Court in LG Electronics Suit
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
ParkerVision, Inc. (Nasdaq: PRKR) announced that its wholly-owned German subsidiary, ParkerVision GmbH, has received a favorable preliminary opinion from the Regional Court of Munich in its patent infringement case against LG Electronics Deutschland GmbH (“LG”), a German subsidiary of LG Electronics, Inc.
ParkerVision GmbH filed a complaint in June 2016 against LG for the infringement of the German part of European Patent 1 206 831 by LG’s latest generation smartphones. LG filed a statement of defense in this case in August 2016 arguing that, under LG’s proposed claim interpretation, its smartphones do not infringe ParkerVision’s patent. Qualcomm Incorporated (“Qualcomm”) joined the proceedings on LG’s side and filed a separate nullity action against the patent with the Federal Patent Court, Munich. Following these submissions, the Regional Court of Munich issued a preliminary opinion indicating its predisposition toward a finding of infringement.
A hearing in this case is scheduled for November 10, 2016, during which the Court will hear oral arguments regarding claim interpretation, infringement, and LG’s request for a stay of the infringement proceedings pending the outcome of the separate nullity action filed by Qualcomm. The court is expected to issue a final decision on the merits by mid-December 2016. A finding of infringement and a rejection of the stay request will result in the imposition of an injunction on the accused products prior to year-end 2016, which is enforceable upon provision of a bond set by the Court.
ParkerVision CEO, Jeffrey Parker, stated, “While this finding is preliminary and not a guarantee of the Court’s final decision, we are pleased with the initial findings of the German court as well as the timeliness of the Court’s response to our infringement complaint. We look forward to the opportunity to argue the merits of our case in November.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PICO Holdings (PICO) Announces Leadership, Governance Changes; Terminates Central Square Agreement
- Sears Holdings (SHLD) Director Mnuchin Resigns Amid Trump Nod
- Allergan (AGN) Enters DELZICOL Patent Settlement Agreement
Create E-mail Alert Related CategoriesCorporate News, Litigation, Management Comments
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!