NLST Stock Alert: Micron faces $445 million in damages in Netlist patent lawsuit

Netlist (OTCQB:NLST) stock is in the news today as investors await a court ruling in the patent dispute with micron (NASDAQ:MU) compared to memory module technology.

The big news is that a jury has ruled in favor of Micron because its high-performance semiconductor memory infringed Netlist’s patent rights. Micron must now pay Netlist $445 million in damages.

But the good news doesn’t end there. The jury also concluded that Micron intentionally infringed Netlist’s patent rights. This could lead the judge overseeing the case to multiply the damages he must pay Netlist.

Netlist attorney Jason Sheasby commented in a statement to Reuters.

“We are grateful to the jury for their work and for recognizing the importance of Netlist’s innovation.”

NLST stock movement on Friday

News of the current court case is drawing particular attention to NLST stock today, bringing with it brisk trading. At the time of this writing, more than 3.1 million NLST shares have changed hands. That’s well above the company’s daily average trading volume of about 456,000 shares.

NLST shares are up 2.9% since Friday morning.

Investors should read on to learn more about the latest stock market news!

We have all the hottest stock market news traders need to know on Friday! A few examples are what is happening with stocks of Astem (NASDAQ:VST) share, ether (ETH-USD) Spot news on exchange-traded funds (ETFs) and more. All of this information can be found at the links below!

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At the time of publication, William White had no position (either directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com Publishing guidelines.

Article printed by InvestorPlace Media, https://investorplace.com/2024/05/nlst-stock-alert-micron-faces-445-million-verdict-in-netlist-patent-trial/.

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