Vicor Granted A Preliminary Injunction Barring Subsidiaries Of Foxconn From Pursuing Arbitration Against Vicor Before The China International Economic And Trade Arbitration Commission
Portfolio Pulse from Benzinga Newsdesk
Vicor Corporation (NASDAQ:VICR) has been granted a preliminary injunction by the United States District Court for the District of Massachusetts, preventing subsidiaries of Foxconn from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission (CIETAC).
June 26, 2024 | 3:50 pm
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Vicor Corporation has secured a preliminary injunction preventing Foxconn subsidiaries from pursuing arbitration against it before CIETAC. This legal victory could positively impact investor sentiment and stabilize Vicor's stock price in the short term.
The preliminary injunction is a significant legal win for Vicor, as it prevents potential arbitration that could have led to unfavorable outcomes. This development is likely to boost investor confidence and positively impact the stock price in the short term.
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