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On May 17, 2024, Qorvo Won A Jury Verdict Against Akoustis Technologies In A Trade Secret Misappropriation And Patent Infringement Case, Awarding Qorvo $38.6M In Damages. While Akoustis Plans To Challenge The Verdict Through Post-Trial Motions And...

Benzinga ·  May 20 20:09

On May 17, 2024, Qorvo Won A Jury Verdict Against Akoustis Technologies In A Trade Secret Misappropriation And Patent Infringement Case, Awarding Qorvo $38.6M In Damages. While Akoustis Plans To Challenge The Verdict Through Post-Trial Motions And Possibly Appeal, The Verdict Poses Financial Uncertainties For Akoustis, Potentially Impacting Its Ability To Raise Capital And Necessitating Operational Cutbacks Or Bankruptcy Protection If Additional Financing Is Not Secured

- SEC Filing

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