secwatch.observer — SEC 8-K summary
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Issuer:     VPR Brands, LP. (VPRB)
CIK:        0001376231
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001213900-22-045056
Event type: litigation
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VPR Brands settles patent infringement lawsuit with Myle Vape for $125,000
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- Settlement resolves patent infringement action (U.S. Patent No. 8,205,622) brought by VPR against Myle Vape and MVH I.
- Myle to pay VPR $125,000 in two installments: $62,500 by Aug 12, 2022 and $62,500 by Aug 26, 2022.
- VPR grants Myle a fully paid-up, royalty-free, non-exclusive license to the asserted patent and related patents.
- Parties to file stipulation of dismissal with prejudice upon receipt of second payment; each side bears own fees.
- Mutual general release of all claims related to the action.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1376231/000121390022045056/0001213900-22-045056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1376231/000121390022045056/ea163872-8k_vprbrands.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-045056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer