litigation
confidence high
sentiment positive
materiality 0.70
HCMC wins Federal Circuit appeal; patent case vs Philip Morris reinstated
Healthier Choices Management Corp.
- U.S. Court of Appeals for the Federal Circuit reversed district court dismissal of HCMC's patent infringement action against Philip Morris.
- Appeals court also vacated the $1.5M attorneys' fees award previously granted to Philip Morris, remanding for further proceedings.
- HCMC's infringement claims regarding Philip Morris' IQOS device can now proceed in Northern District of Georgia.
- CEO Jeff Holman stated the company looks forward to "having our day in court."