Walmart Settles Lawsuit Regarding Allegations Of Light-Bulb Patent Infringement: Report
Portfolio Pulse from Nabaparna Bhattacharya
Walmart Inc. has settled a lawsuit filed by the University of California over allegations of light-bulb patent infringement. The case will be dismissed with prejudice, meaning it cannot be refiled. This lawsuit is one of several filed by the University of California against U.S. merchants over products sold from China. Walmart's shares are trading slightly higher in premarket trading.
August 28, 2023 | 12:11 pm
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Walmart has settled a patent infringement lawsuit, which will be dismissed with prejudice. This could remove a potential legal risk for the company. Walmart's shares are slightly up in premarket trading.
The settlement of the lawsuit removes a potential legal risk for Walmart, which could have resulted in financial penalties or restrictions on selling certain products. This positive development is likely contributing to the slight increase in Walmart's share price in premarket trading.
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