Ouster ITC patent case against Hesai recommended for termination; shareholder suit filed

Ouster, Inc.

ITC ALJ recommends terminating investigation to allow arbitration on whether Ouster must arbitrate based on 2020 Velodyne-Hesai settlement.
Ouster will seek review by ITC Commissioners; recommendation not a decision on merits of patent infringement claims.
Delaware federal patent case currently stayed pending ITC; stay would lift if ITC terminates.
Putative shareholder class action filed in Delaware Chancery against six former Graf/Velodyne officers/directors; Ouster not named.
Suit alleges breach of fiduciary duty and unjust enrichment related to 2020 merger; damages unspecified.

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