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Quarterhill's lower damages in Apple case

Jan. 07, 2019 7:25 AM ETQuarterhill Inc. (QTRHF) StockBy: Brandy Betz, SA News Editor7 Comments
  • Quarterhill's (QTRH) WiLan updates its ongoing litigation with Apple and says a judge has upheld the jury verdict that Apple violated two of WiLan's patents.
  • The court didn't lower the awarded damages but gave WiLan the option to accept either $10M in reduced damages or a new trial that would only determine damages. WiLan says it's open to "a fair and reasonable settlement with Apple."
  • Analyst action: Canaccord Genuity downgrades Quarterhill from Speculative Buy to Hold citing uncertainty in the reduced damages. (Source: StreetAccount.)
  • Quarterhill shares closed Friday up 12% to $1.11 after headlines hinted at the new court action.

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