We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
AVX Corp | NYSE:AVX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.66 | 0 | 01:00:00 |
AVX Corporation (NYSE: AVX) today reported a jury verdict in a patent infringement case filed in the United States District Court for the District of Delaware captioned Greatbatch, Inc. v AVX Corporation.
Despite AVX’s defense that it had not violated Greatbatch’s patents for the particular products in question, a jury recently found that Greatbatch incurred damages totaling $37.5 million.
It is expected that AVX’s financial results for the quarter ended December 31, 2015 reported in its Form 10-Q to be filed with the U.S. Securities and Exchange Commission in early February will reflect an additional pre-tax accrual of $33.5 million in connection with this case (in addition to accruals reflected in the Company’s quarterly earnings release issued on January 26, 2016).
AVX is reviewing the verdict and consulting with its legal advisors on what action AVX may take in response.
AVX, headquartered in Greenville, South Carolina, is a leading manufacturer and supplier of a broad line of passive electronic components and related products.
Please visit our website at www.avx.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160127005705/en/
AVX Corporation, GreenvilleKurt Cummings, 864-967-9303investor.relations@avx.com
1 Year AVX Chart |
1 Month AVX Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions