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Netlist (OTCQB:NLST) has been awarded a $445 million verdict by a jury in an ongoing patent dispute with Micron (Nasdaq: Mo).
A jury in an Eastern District Court in Texas returned a $445 million verdict on Thursday, according to a court filing. The ruling was on patent 912.
Samsung ( OTCPK:SSNLF ) and Netlist ( OTCQB:NLST ) have been fighting over patent rights to memory module technologies since their 2015 joint development and licensing agreement ran into trouble about three years ago. netlist It's officially over License Agreement Mid 2020. 0. Netlist is also involved in patent litigation with Micron (MU) and Google (GOOG) over patents.
“We are grateful for the jury’s service and their recognition of the importance of Netlist’s innovation,” Netlist attorney Jason Chesby said in a statement, according to Reuters.
Micron did not immediately respond to Seeking Alpha's email request for comment outside normal business hours.
A jury in the same Marshall, Texas, court last April
Netlist (NLST) awarded $303 million In a patent battle with Samsung (OTCPC:SSNLF).
Last month, the Patent Trial and Appeal Board ruled that claim 16 of the '912 patent was unpatentable, according to to rule From the Administrative Court. The patent infringement claim relates to printed circuit boards, memory modules, and dual date rating, or DDR, memory.