litigation
confidence high
sentiment negative
materiality 0.75
Kopin ordered to pay $19.7M in BlueRadios patent case; injunction denied, plans appeal
KOPIN CORP
- Post-trial order awards BlueRadios ~$19.7M in damages; permanent injunction and prejudgment interest denied.
- CEO Michael Murray says judgment is unsupported and Kopin will appeal the ruling.
- Damages are a significant reduction from the jury's recommendation, according to the company.
- Kopin states there is no risk to current or future customer orders because injunction was denied.
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