Universal Display (PANL) Updates Legal Proceedings
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Price: $7.18 +1.56%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: +1,700.0%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: +1,700.0%
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Universal Display Corp. (Nasdaq: PANL) is on watch following an 8-K filing with updates on Legal Proceedings.
From the Filing:
On May 16, 2012, we learned that the Japanese High Court issued a decision relating to the JP '929 Patent that confirmed the prior decision of the Japanese Patent Office (JPO) by acknowledging the validity of certain claimed inventions in the patent, but confirming the JPO’s conclusion to invalidate the broadest claims in the patent. We are still waiting to receive translated copies of the JPO's decision, after which we plan to appeal the decision to the Japanese Supreme Court.
On May 10, 2012, we learned that with respect to the JP '024 patent, which was the subject of an Invalidation Trial at the JPO as described in the Form 10-Q, the JPO issued a decision upholding the validity of certain claimed inventions in the patent but invalidating the broadest claims in the patent. We believe the JPO's decision was erroneous with respect to the broadest claims and we intend to appeal the decision to the Japanese High Court.
From the Filing:
On May 16, 2012, we learned that the Japanese High Court issued a decision relating to the JP '929 Patent that confirmed the prior decision of the Japanese Patent Office (JPO) by acknowledging the validity of certain claimed inventions in the patent, but confirming the JPO’s conclusion to invalidate the broadest claims in the patent. We are still waiting to receive translated copies of the JPO's decision, after which we plan to appeal the decision to the Japanese Supreme Court.
On May 10, 2012, we learned that with respect to the JP '024 patent, which was the subject of an Invalidation Trial at the JPO as described in the Form 10-Q, the JPO issued a decision upholding the validity of certain claimed inventions in the patent but invalidating the broadest claims in the patent. We believe the JPO's decision was erroneous with respect to the broadest claims and we intend to appeal the decision to the Japanese High Court.
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