Texas Jury Rules Verizon Infringed 5G Patents; Ordered To Pay $847M Verdict
Portfolio Pulse from Benzinga Newsdesk
A Texas jury has ruled that Verizon infringed on 5G patents and has ordered the company to pay an $847 million verdict.
June 28, 2024 | 8:05 pm
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Verizon has been found guilty of infringing on 5G patents and has been ordered to pay $847 million. This legal setback could negatively impact Verizon's stock price in the short term.
The $847 million verdict is a significant financial penalty for Verizon, which could lead to a negative reaction from investors. Legal issues of this magnitude often result in short-term stock price declines due to concerns over financial and reputational impacts.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100