Nanoco Shares Rise on Favorable Court Report
By Matteo Castia
Shares in Nanoco Group PLC rose Wednesday after the company said
that a Texas court has issued a report in which it upholds Nanoco's
views regarding most phrases and interpretations in the company's
patent litigation against Samsung.
The U.K. nanomaterials group said the judge rejected four of the
five constructions proposed by Samsung and rejected one of the
constructions proposed by Nanoco.
"In four of the five patents in the case, Nanoco's constructions
were upheld and in the fifth patent Nanoco and Samsung each had one
construction upheld," the company said.
In February 2020, the company filed a patent infringement
lawsuit against various Samsung entities in the U.S. District Court
for the Eastern District of Texas.
Shares at 0730 GMT were up 3.35 pence, or 13%, at 29.00
Write to Matteo Castia at email@example.com
(END) Dow Jones Newswires
May 12, 2021 03:55 ET (07:55 GMT)
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