Adeia Receives Decisions in Videotron and Bell/Telus Case Appeals
Adeia Inc. (Nasdaq: ADEA) has received rulings from the Canadian Court of Appeals on its appeals in the Videotron and Bell/Telus cases. While the Court upheld the lower court's invalidity findings for the patents in question, it agreed with Adeia on several key issues. The Court found errors in the lower court's analysis of royalty-based damages, accounting of profits, and injunctions, which supports patent rights and the licensing environment in Canada.
These favorable rulings are expected to benefit Adeia in its second phase of cases against Videotron and Bell, scheduled for trial in 2025, and in its overall licensing efforts in Canada. The company remains committed to protecting its intellectual property and seeking market-based licenses with Canadian Pay-TV operators. Adeia's management emphasized that these decisions do not affect their 2024 guidance and they continue to see significant opportunities in Canada.
Adeia Inc. (Nasdaq: ADEA) ha ricevuto le sentenze dalla Corte d'Appello canadese riguardo ai suoi ricorsi nei casi Videotron e Bell/Telus. Sebbene la Corte abbia confermato le decisioni di invalidità del tribunale inferiore per i brevetti in questione, ha concordato con Adeia su diversi punti chiave. La Corte ha riscontrato errori nell'analisi del tribunale inferiore riguardo ai danni basati su royalties, contabilizzazione dei profitti e ingiunzioni, il che supporta i diritti sui brevetti e l'ambiente di licensing in Canada.
Queste sentenze favorevoli si prevede che beneficeranno Adeia nella sua seconda fase dei casi contro Videotron e Bell, prevista per processo nel 2025, e nei suoi sforzi generali di licensing in Canada. L'azienda rimane impegnata a proteggere la propria proprietà intellettuale e a cercare licenze basate sul mercato con gli operatori Pay-TV canadesi. La direzione di Adeia ha sottolineato che queste decisioni non influenzano la loro guidance per il 2024 e continuano a vedere significative opportunità in Canada.
Adeia Inc. (Nasdaq: ADEA) ha recibido sentencias de la Corte de Apelaciones de Canadá sobre sus apelaciones en los casos de Videotron y Bell/Telus. Si bien la Corte confirmó los hallazgos de invalidez del tribunal inferior para las patentes en cuestión, estuvo de acuerdo con Adeia en varios temas clave. La Corte encontró errores en el análisis del tribunal inferior sobre daños basados en regalías, contabilidad de ganancias e injunciones, lo que respalda los derechos de patentes y el entorno de licencias en Canadá.
Se espera que estas decisiones favorables beneficien a Adeia en su segunda fase de casos contra Videotron y Bell, programada para juicio en 2025, y en sus esfuerzos generales de licencias en Canadá. La compañía sigue comprometida a proteger su propiedad intelectual y buscar licencias basadas en el mercado con los operadores de Pay-TV canadienses. La dirección de Adeia enfatizó que estas decisiones no afectan su guía para 2024 y continúan viendo oportunidades significativas en Canadá.
Adeia Inc. (Nasdaq: ADEA)는 Videotron 및 Bell/Telus 사건에 대한 항소와 관련하여 캐나다 항소 법원에서 판결을 받았습니다. 법원이 문제의 특허에 대한 하급 법원의 무효 판결을 유지한 반면, 여러 중요한 사안에 대해 Adeia와 동의했습니다. 법원은 로열티 기반 손해액, 이익 회계 및 금지 명령에 대한 하급 법원의 분석에서 오류를 발견하였으며, 이는 캐나다의 특허권 및 라이센스 환경을 지원합니다.
이러한 유리한 판결은 2025년 재판 예정인 Videotron과 Bell에 대한 두 번째 사건에서 Adeia에 도움이 될 것으로 예상되며, 캐나다에서의 전반적인 라이센스 노력에도 긍정적 영향을 미칠 것입니다. 이 회사는 지적 재산 보호와 캐나다의 유료 TV 운영자와의 시장 기반 라이센스를 추구하는 데 전념하고 있습니다. Adeia 경영진은 이러한 결정이 2024년 가이드라인에 영향을 미치지 않는다고 강조하며, 캐나다에서의 중요한 기회를 계속해서 보고 있습니다.
Adeia Inc. (Nasdaq: ADEA) a reçu des décisions de la Cour d'appel du Canada concernant ses appels dans les affaires Videotron et Bell/Telus. Bien que la cour ait confirmé les constats d'invalidité du tribunal inférieur concernant les brevets en question, elle a donné raison à Adeia sur plusieurs points clés. La cour a trouvé des erreurs dans l'analyse du tribunal inférieur concernant les dommages basés sur les redevances, la comptabilité des bénéfices et les injonctions, ce qui soutient les droits des brevets et l'environnement de licence au Canada.
Ces décisions favorables devraient bénéficier à Adeia dans sa deuxième phase des affaires contre Videotron et Bell, prévue pour un procès en 2025, ainsi que dans ses efforts de licence globaux au Canada. L'entreprise reste engagée à protéger sa propriété intellectuelle et à rechercher des licences basées sur le marché avec les opérateurs de Pay-TV canadiens. La direction d'Adeia a souligné que ces décisions n'affectent pas leur prévisions pour 2024 et qu'ils continuent de voir des opportunités significatives au Canada.
Adeia Inc. (Nasdaq: ADEA) hat Entscheidungen des kanadischen Berufungsgerichts in Bezug auf seine Berufungen in den Fällen Videotron und Bell/Telus erhalten. Während das Gericht die Invaliditätsbefunde des untergeordneten Gerichts für die betreffenden Patente bestätigte, stimmte es Adeia in mehreren wichtigen Punkten zu. Das Gericht stellte Fehler in der Analyse des untergeordneten Gerichts zu lizenzbasierten Schadensersatz, Gewinnabrechnung und Unterlassungsverfügungen fest, was die Patentrechte und das Lizenzumfeld in Kanada unterstützt.
Diese positiven Entscheidungen werden voraussichtlich Adeia in seiner zweiten Phase der Fälle gegen Videotron und Bell, die für 2025 angesetzt ist, zugutekommen und auch die allgemeinen Lizenzbemühungen in Kanada unterstützen. Das Unternehmen bleibt verpflichtet, sein geistiges Eigentum zu schützen und marktbasierte Lizenzen mit kanadischen Pay-TV-Anbietern zu suchen. Die Geschäftsführung von Adeia betonte, dass diese Entscheidungen keinen Einfluss auf ihre Prognose für 2024 haben und dass weiterhin erhebliche Chancen in Kanada gesehen werden.
- Court agreed with Adeia on key issues related to royalty-based damages, accounting of profits, and injunctions
- Favorable rulings expected to benefit Adeia in future cases and licensing efforts in Canada
- 2024 guidance remains unaffected by the court decisions
- Court upheld the lower court's invalidity findings for the patents at issue in the Videotron and Bell/Telus cases
Insights
The Court of Appeals' rulings in the Videotron and Bell/Telus cases present a mixed outcome for Adeia. While the invalidity findings of the lower court were upheld, the appellate court's decisions on royalty-based damages, accounting of profits and injunctions are significant wins for patent holders in Canada.
These rulings strengthen the patent licensing environment and could have far-reaching implications for future cases. The court's interpretation of these key issues may provide Adeia with leverage in ongoing and future negotiations with Canadian Pay-TV operators. However, the company still faces challenges with the invalidated patents, which may impact its immediate licensing efforts.
The upcoming 2025 trials against Videotron and Bell will be important for Adeia to capitalize on these favorable legal interpretations. The company's strategy should focus on leveraging the positive aspects of the rulings while addressing the patent invalidity issues in their future cases and licensing discussions.
From a financial perspective, Adeia's statement that these decisions do not affect their 2024 guidance is reassuring for investors. This suggests that the company has already factored in potential outcomes from these legal proceedings into their financial projections.
The mention of a "significant opportunity in Canada" indicates that Adeia sees potential for revenue growth in this market, despite the mixed legal outcomes. However, investors should be cautious as the full financial impact of these rulings may not be immediately apparent.
The company's ability to secure "market-based licenses" with Canadian Pay-TV operators will be important for future revenue streams. While the legal victories on key issues may strengthen Adeia's negotiating position, the invalidated patents could potentially limit the scope of these licenses. Investors should closely monitor the company's success in converting these legal interpretations into tangible financial results in the coming quarters.
Favorable Rulings on Key Legal Issues
SAN JOSE, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (“Adeia” or “Company”), the company delivering innovative technology solutions across multiple industries, today announced that the Canadian Court of Appeals has issued its rulings in the Company's appeals of both the Videotron and Bell/Telus cases. Importantly, the Court agreed with the Company on several key issues, finding that the lower court erred in multiple aspects of its analysis relating to royalty-based damages, accounting of profits and injunctions, which ultimately supports patent rights and the patent licensing environment in Canada. While the Court upheld the invalidity findings of the lower court related to the patents at issue in those cases, the Company believes the otherwise favorable rulings will be beneficial in the Company’s second phase of cases against Videotron and Bell scheduled to go to trial in 2025 and in its licensing efforts generally in Canada.
“We are very pleased with the Court’s rulings on key issues that support our licensing practices in Canada and believe the Court's decisions in both cases positively contribute to the evolving landscape of patent law in Canada,” said Kevin Tanji, chief legal officer at Adeia. “We look forward to pursuing our rights in light of these rulings in our second phase of cases against Videotron and Bell. We remain committed to protecting our intellectual property and will continue to seek market-based licenses with the Canadian Pay-TV operators that cover our innovations which have helped shape the digital entertainment landscape.”
“Although we didn’t achieve the full outcome we sought, we’re pleased with the Court's guidance on key patent-related issues in both the Videotron and Bell/Telus rulings,” added Keith A. Jones, chief financial officer at Adeia. “Importantly, these decisions do not affect our 2024 guidance and we continue to believe we have a significant opportunity in Canada.”
About Adeia
Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia’s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company’s control, and are not guarantees of future results. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business strategy; the Company’s ability to enter into new and renewal license agreements with customers on favorable terms; the Company’s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the Company’s ability to grow and expand its patent portfolios; changes in technology and development of new technology in the industries in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company’s indebtedness; the Company’s ability to achieve the intended benefits of, and its ability to recognize the anticipated tax treatment of, the spin-off of its product business; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, natural disasters and future outbreaks or pandemics, each of which may have an adverse impact on the Company’s business, results of operations, and financial condition. These risks, as well as other risks associated with the Company’s business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.
Causes of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
| For Information Contact: Investor Relations Chris Chaney IR@adeia.com | Media Relations JoAnn Yamani press@adeia.com |
FAQ
What were the key outcomes of Adeia's appeals in the Videotron and Bell/Telus cases?
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