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Netlist +3% after ITC opens investigation into patent infringement claims

Published 11/29/2017, 11:53 AM
© Reuters.  Netlist +3% after ITC opens investigation into patent infringement claims
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  • The U.S. International Trade Commission voted to investigation certain memory module components based on a complaint filed by Netlist (NASDAQ:NLST) at the end of October.
  • Netlist accused SK Hynix subsidiaries of patent infringement and asked the ITC to issue limited exclusion and cease and desist orders.
  • Launching the investigation doesn’t mean the ITC has decided on the merits of the case. The Commissions’ Chief Administrative Law Judge will assign the case to another judge for scheduling an evidentiary hearing.
  • The ITC has 45 days from the launch to set a target end date for the investigation.
  • Netlist shares are up 3%.
  • Now read: Micron: In Case We're Wrong


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