Shares of Netgear Inc. rose by as much as 37.7% Thursday in the wake of an agreement in which TP-Link Systems Inc. paid $135 million to settle a host of litigation over patents related to Wi-Fi technology.
Netgear revealed the Aug. 28 deal in a regulatory filing Wednesday at the US Securities and Exchange Commission. TP-Link agreed to pay the sum in return for Netgear’s dismissal of “all pending litigation between the parties,” according to the filing. Netgear’s stock leveled Thursday before ending the trading day at $20.84 a share.
Netgear and TP-Link on Wednesday asked the Patent Trial and ...
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