FlexShopper Files Patent Infringement Lawsuits Against Upbound Group And Katapult Holdings Alleging Unauthorized Use Of Patented Technologies
Portfolio Pulse from Benzinga Newsdesk
FlexShopper has filed patent infringement lawsuits against Upbound Group and Katapult Holdings, accusing them of unauthorized use of its patented technologies.
October 01, 2024 | 12:06 pm
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POSITIVE IMPACT
FlexShopper has initiated legal action against Upbound Group and Katapult Holdings for allegedly infringing on its patented technologies.
The lawsuit could potentially lead to a favorable settlement or licensing agreement for FlexShopper, positively impacting its financials and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Katapult Holdings is accused by FlexShopper of patent infringement, which could result in legal challenges and financial liabilities.
The legal action could lead to financial liabilities and affect Katapult Holdings' stock price negatively due to potential legal costs and damages.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Upbound Group is facing a patent infringement lawsuit from FlexShopper, which could lead to legal expenses and potential damages.
The lawsuit may result in legal costs and potential damages for Upbound Group, negatively impacting its financials and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80