American Outdoor Brands Secures Patent Settlement Agreement With The Allen Company, Inc.
Portfolio Pulse from Happy Mohamed
American Outdoor Brands, Inc. (AOUT) has secured a patent settlement agreement with The Allen Company, Inc. The settlement includes a permanent injunction entered by the United States District Court for the District of Colorado, related to Allen's infringement of AOUT's patent rights. The infringement action was initiated in February 2023 and was related to Allen's alleged repeated infringement of AOUT's patent rights incorporated in various shooting rests and targets.
September 26, 2023 | 8:13 pm
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The settlement agreement and permanent injunction protect AOUT's intellectual property rights, which could strengthen its market position and potentially boost its stock price in the short term.
The settlement agreement and permanent injunction protect AOUT's intellectual property rights. This could strengthen AOUT's market position by preventing competitors from using its patented technology, which could potentially boost its stock price in the short term.
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