Paltalk Holdings Announces Judge Enters Final Judgment in Connection With Cisco Jury Verdict
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2024
0mins
Source: Newsfilter
Paltalk's Legal Victory: Paltalk, Inc. announced a final judgment in its patent infringement lawsuit against Cisco Systems, resulting in a jury award of $65.7 million for the alleged infringement of U.S. Patent No. 6,683,858.
Financial Implications: The company expects to receive no more than one third of the gross award proceeds after deducting litigation-related expenses, with potential appeals from Cisco affecting the final amount.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
