NETGEAR Entered Into Settlement Agreement With TP-Link Systems On August 28, 2024; All Pending Litigation Between The Parties To Be Dismissed, Received $135M Payment As Consideration - Filing
Portfolio Pulse from Benzinga Newsdesk
NETGEAR has reached a settlement agreement with TP-Link Systems, resulting in the dismissal of all pending litigation between the two companies. As part of the agreement, NETGEAR received a $135 million payment.
September 11, 2024 | 8:43 pm
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NETGEAR has settled its legal disputes with TP-Link, resulting in a $135 million payment to NETGEAR. This settlement removes legal uncertainties and provides a significant cash inflow.
The settlement with TP-Link resolves ongoing legal disputes, which is positive for NETGEAR as it removes legal uncertainties. The $135 million payment is a substantial financial gain, likely to positively impact NETGEAR's short-term stock price.
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