Wi-Lan plunges pre-market after losing patent lawsuit against Apple

|About: Wi-Lan Inc. (WILN)|By:, SA News Editor

Shares of Wi-Lan (WILNtumble 26.6% pre-market after a jury found against the company in its patent infringement lawsuit against Apple.

Specifically, the jury determined that patent RE37,802 was not infringed and that claims 1 and 10 were invalid. Wi-Lan is reviewing options and may appeal.

Canaccord Genuity downgraded Wi-Lan to Speculative Buy following the verdict.