- 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.