International Trade Commission Confirms To Terminate Patent Infringement Investigation Brought By Ouster Against Hesai
Portfolio Pulse from Benzinga Newsdesk
The U.S. International Trade Commission (ITC) has terminated a patent infringement investigation initiated by Ouster (NYSE:OUST) against Hesai Group (NASDAQ:HSAI). The ITC confirmed Hesai's motion to terminate the investigation, affirming that Ouster's allegations were baseless. Hesai has accused Ouster of spreading false information about Hesai's lidar products and its ties to the Chinese government.
October 12, 2023 | 12:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ouster's patent infringement investigation against Hesai has been terminated by the ITC, which could negatively impact investor confidence in Ouster.
The termination of the patent infringement investigation initiated by Ouster against Hesai by the ITC could be seen as a legal setback for Ouster. This could lead to decreased investor confidence and a potential short-term decrease in Ouster's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hesai Group's patent infringement investigation initiated by Ouster has been terminated by the ITC, which could boost investor confidence in Hesai.
The termination of the patent infringement investigation against Hesai by the ITC removes a potential legal hurdle for the company. This could lead to increased investor confidence and a potential short-term increase in Hesai's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100