Netlist jumps after win in Google patent litigation
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Netlist (OTCQB:NLST) skyrocketed 30% after a win in Google (NASDAQ:GOOGL) patent lawsuit.
Netlist (OTCQB:NLST) won a victory in U.S. District Court for the Northern District of California for its '912 patent, according to a legal filing.
Netlist's motion for summary judgement (i.e. that Google is not entitled to intervening rights as to Claim 16) is granted, Judge Richard Seeborg ruled.
Recall on Dec. 6 Netlist (OTCQB:NLST) shares fell 17% after the company was
awarded zero dollars in damages in a breach of contract dispute with Samsung. Netlist had soared 20% on Oct. 25 after the Irvine, Calif.-based memory and storage technology company won a victory in a breach of contract case involving Samsung.
Netlist (OTCQB:NLST) first filed the complaint against Google (GOOGL) in 2009.
The case is Netlist vs Google: 4:09-cv-05718.
For background see SA contributor AgniResearch's Blog from March of last year entitled "Netlist - High Stakes Patent Litigation."