secwatch.observer — SEC 8-K summary
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Issuer:     IMMERSION CORP (IMMR)
CIK:        0001058811
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001213900-24-013643
Event type: litigation
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Immersion settles patent litigation with Meta; expects ~$17.5M after fees
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- Immersion signs Patent License and Settlement Agreement with Meta Platforms, resolving all outstanding litigation.
- Immersion expects to receive approximately $17,500,000 after deducting legal fees and other liabilities.
- License grants Meta non-exclusive use of Immersion's haptics patent portfolio for hardware, software, VR, and gaming products.
- Settlement includes dismissal of litigation and inter partes reviews of Immersion's patents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058811/000121390024013643/0001213900-24-013643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058811/000121390024013643/immr-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-013643

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