Qorvo wins $38.5M verdict against Akoustis in trade-secret, patent case

Qorvo, Inc.

Jury found Akoustis willfully misappropriated Qorvo BAW filter trade secrets and infringed patents; $31.5M compensatory, $7M punitive damages awarded.
Verdict enables Qorvo to pursue injunction against Akoustis products; case originally filed October 2021.
Compensation committee approved FY2025 PBRSUs for NEOs; ~75% tied to performance objectives, ~25% to gross margin objectives.

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