TiVo (TIVO) "Pleased" With Appeals Court Ruling In EchoStar (DISH) Case

April 20, 2011 12:11 PM EDT
TiVo Inc. (NASDAQ: TIVO) issued a statement following a ruling by the U.S. Court of Appeals in its lawsuit against EchoStar Communications (Nasdaq: DISH), which has sent share up 38 percent intra-day.

"We are pleased that the United States Court of Appeals for the Federal Circuit sitting en banc affirmed the district court's finding of contempt and award of sanctions against EchoStar for failing to comply with the district court's injunction."

This marks the second time that the district court's contempt ruling has been upheld by the Court of Appeals. We look forward to the permanent injunction against EchoStar and Dish Network finally being enforced with respect to the DVRs they must now disable. This ruling also paves the way for TiVo to receive substantial damages and contempt sanctions regarding the DVRs that EchoStar and Dish Network failed to disable.

With respect to the remand of the infringement provision of the District's Courts order, we intend to pursue the most rapid path to resolution. We will continue our efforts to protect our intellectual property from further infringement by EchoStar and Dish Network."

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