Jury Awards Continuous Composites Over $17 Million in Past Damages For Patent Infringement by Markforged [Yahoo! Finance]
Markforged Holding Corporation (MKFG)
Company Research
Source: Yahoo! Finance
that a federal jury in the District Court of Delaware unanimously found that Markforged, Inc. ("Markforged") infringed Continuous Composites' patents by selling infringing 3D printers. The jury awarded $17 million in past damages for sales of continuous fiber printers, finding that Markforged infringed on Continuous Composites' foundational patent, U.S. Patent 11,173,660, and rejecting Markforged's argument that it invented it first. The jury awarded over $17 Million in past damages for sales of the infringing Markforged products from November 16, 2021 through December 31, 2023. In post-trial proceedings, Continuous Composites will ask the Court to set a rate for ongoing royalties for Markforged's infringement by sales of infringing printers from 2024 through 2033. "We are thankful for the jury's diligence in recognizing Markforged's infringement and our prior rights to Continuous Composites' foundational patents. It confirms the value of our technology that the team has been work
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MKFG
News
- Markforged Sets Reporting Date for First Quarter 2024 Financial ResultsBusiness Wire
- Favourable Signals For Markforged Holding: Numerous Insiders Acquired Stock [Yahoo! Finance]Yahoo! Finance
- Markforged Announces Jury Verdict in Patent Case [Yahoo! Finance]Yahoo! Finance
- Markforged Announces Jury Verdict in Patent CaseBusiness Wire
- US$1.32: That's What Analysts Think Markforged Holding Corporation (NYSE:MKFG) Is Worth After Its Latest Results [Yahoo! Finance]Yahoo! Finance
MKFG
Earnings
- 11/13/23 - Miss
MKFG
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- MKFG's page on the SEC website