Shares of ParkerVision are moving after a Florida court granted the reopening of a patent infringement case filed against Apple, LG and Qualcomm, notes Seeking Alpha. Shares were up 28% premarket.
The wireless networking company filed the reopen request on May 4 after an ITC ruling terminated the company’s similar case against the same defendants. The Middle District of Florida court ordered the involved parties to conduct a case management conference within the next 30 days.
In 2015 ParkerVision sued Apple, Samsung, LG and Qualcomm, for allegedly infringing upon four wireless networking patents. The ITC complaint asked for an embargo on imports and sales of infringing products, while the lawsuit sought as-yet-unspecified damages.
For Apple, the list of named devices at the time included iPhone 6, iPhone 6s, iPad Air 2 and "many other products." Earlier this month ParkerVision requested to add the iPhone 7 to the list.