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Spherix settles with Huawei; shares +41.7%

Oct. 19, 2015 10:06 AM ETDominari Holdings Inc. (DOMH) StockDOMHBy: Eric Jhonsa, SA News Editor
  • Spherix (NASDAQ:SPEX) and Chinese IT/telecom equipment Huawei have settled all litigation, with the latter obtaining a patent license from the former. At the joint request of both companies, the USPTO has terminated inter partes reviews involving two Spherix patents.
  • Spherix jumped in August on news it has signed an MOU with Huawei that "favorably resolves" Spherix's suit. Shares still -38% YTD.

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