FlexShopper shares are trading higher. The company filed patent infringement lawsuits against Upbound Group and Katapult Holdings after alleging the unauthorized use of its patented technologies.
Portfolio Pulse from Benzinga Newsdesk
FlexShopper shares are rising following the company's filing of patent infringement lawsuits against Upbound Group and Katapult Holdings, alleging unauthorized use of its patented technologies.
October 01, 2024 | 7:42 pm
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FlexShopper's stock is trading higher due to the company's legal action against Upbound Group and Katapult Holdings for patent infringement.
The filing of patent infringement lawsuits is a significant legal action that can impact FlexShopper's market perception positively, as it shows the company's proactive stance in protecting its intellectual property. This has led to a rise in its stock price.
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