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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Universal Electronics Inc | NASDAQ:UEIC | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.32 | -4.85% | 6.28 | 6.35 | 6.60 | 6.58 | 6.28 | 6.28 | 6,469 | 13:30:03 |
From Mar 2023 to Mar 2025
By Denny Jacob
Universal Electronics said a court affirmed a prior ruling by the U.S. International Trade Commission that banned the import and sale of streaming products by Roku that infringed on its patent.
The control and sensor technology solutions company said the ruling by the U.S. Court of Appeals for the Federal Circuit confirms that streaming-service provider Roku won't be able to import or sell any infringing products in the United States until its patent expires in 2032. It adds that its U.S. District Court cases against Roku and its TV partners were on hold until the decision was finalized, but the ruling now paves the way for it to return to U.S. District Court and collect monetary damages.
Universal Electronics said the ruling confirmed the International Trade Commission's findings that Roku's products infringe six different claims of the company's patent.
Roku didn't immediately respond to a request for comment.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
January 19, 2024 14:07 ET (19:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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