Reported Friday, Markforged Faces $17.34M Verdict In Patent Lawsuit With Continuous Composites
Portfolio Pulse from Benzinga Newsdesk
Markforged, Inc. faces a $17.34 million verdict in a patent lawsuit with Continuous Composites. The jury found infringement on one of two patent claims, potentially impacting future revenues. Markforged intends to appeal the decision.
April 15, 2024 | 6:23 am
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Markforged, Inc. is ordered to pay $17.34 million in a patent lawsuit, with potential future revenue impacts. The company plans to appeal.
The verdict against Markforged for $17.34 million in a patent lawsuit by Continuous Composites could negatively impact its stock price in the short term due to the financial burden and potential future revenue implications. The company's intention to appeal shows a proactive approach but also indicates ongoing legal uncertainties that could further affect investor sentiment.
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