Netlist Secures Final Judgment Against Samsung Confirming Willful Infringement and $118 Million in Damages
Netlist (OTCQB:NLST) has secured a Final Judgment in its patent infringement case against Samsung Electronics in the United States District Court for the Eastern District of Texas. The Court upheld the November 2024 jury verdict, confirming Samsung's willful infringement of Netlist's patented technologies and ordering a $118 million damages payment.
This ruling follows a separate $303 million jury award from April 2023 for similar patent infringement claims against Samsung, bringing the total damages awarded to Netlist to $421 million. The company remains confident the Court's ruling will withstand any post-judgment motions and appeals.
Netlist (OTCQB:NLST) ha ottenuto un Giudizio Finale nella sua causa per violazione di brevetto contro Samsung Electronics nel Tribunale Distrettuale degli Stati Uniti per il Distretto Orientale del Texas. Il Tribunale ha confermato il verdetto della giuria di novembre 2024, confermando la violazione volontaria da parte di Samsung delle tecnologie brevettate di Netlist e ordinando un risarcimento di 118 milioni di dollari.
Questa decisione segue un altro risarcimento da 303 milioni di dollari assegnato dalla giuria nell'aprile 2023 per reclami simili di violazione di brevetto contro Samsung, portando il totale dei risarcimenti assegnati a Netlist a 421 milioni di dollari. L'azienda rimane fiduciosa che la decisione del Tribunale resisterà a eventuali mozioni e appelli successivi al giudizio.
Netlist (OTCQB:NLST) ha asegurado un Juicio Final en su caso de infracción de patente contra Samsung Electronics en el Tribunal de Distrito de Estados Unidos para el Distrito Este de Texas. El Tribunal confirmó el veredicto del jurado de noviembre de 2024, validando la violación intencionada de las tecnologías patentadas de Netlist por parte de Samsung y ordenando un pago por daños de 118 millones de dólares.
Este fallo sigue a un premio de jurado por separado de 303 millones de dólares de abril de 2023 por reclamaciones similares de infracción de patente contra Samsung, llevando el total de daños adjudicados a Netlist a 421 millones de dólares. La empresa sigue confiando en que la decisión del Tribunal soportará cualquier moción y apelación posterior al juicio.
넷리스트 (OTCQB:NLST)는 텍사스 동부 지방 법원에서 삼성전자와의 특허 침해 사건에서 최종 판결을 확보했습니다. 법원은 2024년 11월 배심원 판결을 유지하며, 삼성의 넷리스트 특허 기술에 대한 고의적 침해를 확인하고 1억 1,800만 달러의 손해배상 지급을 명령했습니다.
이 판결은 2023년 4월 삼성에 대한 유사한 특허 침해 청구에 대해 배심원이 부여한 3억 3백만 달러의 별도 보상에 따른 것이며, 넷리스트에 부여된 총 손해액은 4억 2,100만 달러에 이릅니다. 회사는 법원의 판결이 후속 판결 요청 및 항소를 견딜 것이라고 확신하고 있습니다.
Netlist (OTCQB:NLST) a obtenu un Jugement Final dans son affaire de violation de brevet contre Samsung Electronics devant le Tribunal de District des États-Unis pour le District Est du Texas. Le Tribunal a confirmé le verdict du jury de novembre 2024, confirmant la violation intentionnelle par Samsung des technologies brevetées de Netlist et ordonnant un paiement de dommages de 118 millions de dollars.
Cette décision fait suite à une attribution de jury distincte de 303 millions de dollars en avril 2023 pour des revendications similaires de violation de brevet contre Samsung, portant le montant total des dommages accordés à Netlist à 421 millions de dollars. L'entreprise reste confiante que la décision du Tribunal résistera à toute demande ou appel post-jugement.
Netlist (OTCQB:NLST) hat ein endgültiges Urteil in seinem Patentverletzungsfall gegen Samsung Electronics vor dem U.S. District Court for the Eastern District of Texas erlangt. Das Gericht hat das Juryurteil vom November 2024 bestätigt und die vorsätzliche Patentverletzung durch Samsung an den patentierten Technologien von Netlist anerkannt sowie eine Schadenszahlung von 118 Millionen Dollar angeordnet.
Dieses Urteil folgt auf eine separate Juryentscheidung im April 2023 in Höhe von 303 Millionen Dollar wegen ähnlicher Patentverletzungsansprüche gegen Samsung, wodurch die insgesamt an Netlist zugesprochenen Schadensersatzforderungen 421 Millionen Dollar betragen. Das Unternehmen bleibt zuversichtlich, dass das Urteil des Gerichts allen nachfolgenden Anträgen und Berufungen standhalten wird.
- Secured $118 million in damages from Samsung for patent infringement
- Court confirmed willful infringement of Netlist's patents
- Total damages awarded against Samsung now reach $421 million
- Court validated all asserted patent claims as valid
- Potential delays in receiving payments due to possible appeals and post-judgment motions
IRVINE, CA / ACCESSWIRE / December 4, 2024 / Netlist, Inc. (OTCQB:NLST) today announced the entry of a Final Judgment in the case of Netlist v. Samsung Electronics Co. LTD., et. al., (EDTX Case 2:22-cv-00293-JRG) in the United States District Court for the Eastern District of Texas.
The Court's Final Judgment upheld the jury's verdict in the November 2024 trial and confirmed that Samsung willfully infringed Netlist's patented technologies. Chief Judge Gilstrap ordered Netlist receive
C.K. Hong, Netlist's Chief Executive Officer, said, "The Final Judgment by the court validates the jury's verdict, the damages award, and confirms that Samsung willfully infringed Netlist's patented technologies and that none of the asserted claims are invalid. Netlist is committed to securing fair value for the unauthorized use of its patents and remains confident that the Court's ruling in this case will remain intact through any post-judgment motions and appeal."
In April 2023, Netlist received a separate jury award for the willful infringement of its patents against Samsung and was awarded
About Netlist
Netlist is a leading innovator in advanced memory and storage solutions, pushing the boundaries of technology to deliver unparalleled performance and reliability. With a rich portfolio of patented technologies, Netlist inventions are foundational to the advancement of AI which is revolutionizing computing and empowering businesses and industries to thrive in the digital age. To learn more about Netlist, please visit www.netlist.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and often address future events or Netlist's future performance. Forward-looking statements contained in this news release include statements about Netlist's ability to execute on its strategic initiatives. All forward-looking statements reflect management's present expectations regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These risks, uncertainties and other factors include, among others: risks that a counterparty may appeal a jury verdict or judgment which could cause a lengthy delay in Netlist's ability to collect the damage award or overturn the verdict or judgment or reduce the damages award; potential delays in expected litigation and other milestones; risks related to Netlist's plans for its intellectual property, including its strategies for monetizing, licensing, expanding, and defending its patent portfolio; risks associated with patent infringement litigation initiated by Netlist, or by others against Netlist, as well as the costs and unpredictability of any such litigation; risks associated with Netlist's product sales, including the market and demand for products sold by Netlist and its ability to successfully develop and launch new products that are attractive to the market; the success of product, joint development and licensing partnerships; the competitive landscape of Netlist's industry; and general economic, political and market conditions, including quarantines, factory slowdowns and/or shutdowns, acts of terrorism, war and other conflicts. All forward-looking statements reflect management's present assumptions, expectations and beliefs regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These and other risks and uncertainties are described in Netlist's quarterly report on Form 10-Q for its most recently completed quarter ended September 28, 2024, filed on November 7, 2024, and the other filings it makes with the U.S. Securities and Exchange Commission from time to time, including any subsequently filed quarterly and current reports. In light of these risks, uncertainties and other factors, these forward-looking statements should not be relied on as predictions of future events. These forward-looking statements represent Netlist's assumptions, expectations and beliefs only as of the date they are made, and except as required by law, Netlist undertakes no obligation to revise or update any forward-looking statements for any reason.
For more information, please contact:
Investors/Media
The Plunkett Group
Mike Smargiassi
NLST@theplunkettgroup.com
(212) 739-6729
SOURCE: Netlist, Inc.
View the original press release on accesswire.com
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