Avery Dennison loses patent retrial vs ADASA; liability range may exceed $71M

Avery Dennison Corp

Jury on July 18, 2023, found ADASA's patent valid, rejecting Avery's anticipation/obviousness defenses.
Potential liability may be modestly above previously disclosed range of $5M to $71M.
Company plans to appeal any judgment based on the jury verdict.
Avery has largely completed migration to alternative RFID encoding methods.

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