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DIRTT Environmental Solutions ( (TSE:DRT) ) has provided an announcement.
DIRTT Environmental Solutions has provided an update on its legal proceedings against Falkbuilt, Smed, and Loberg. The U.S. District Court for the Northern District of Utah has dismissed DIRTT’s case in favor of Canada, recognizing it as the appropriate forum for the trade secret dispute. Consequently, DIRTT will pursue its claims in the Court of King’s Bench of Alberta, where a trial is scheduled for early 2026. The company seeks damages that could exceed $50 million, reflecting significant potential impacts on its operations and market presence.
More about DIRTT Environmental Solutions
DIRTT Environmental Solutions Ltd. is a leader in industrialized construction, offering a system of physical products and digital tools that enable the creation of adaptable interior environments. Operating in workplace, healthcare, education, and public sector markets, DIRTT provides design freedom and certainty in cost, schedule, and outcomes. The company is headquartered in Calgary, AB, Canada, and is traded on the Toronto Stock Exchange under the symbol DRT.
YTD Price Performance: 11.39%
Average Trading Volume: 41,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $159.2M
For an in-depth examination of DRT stock, go to TipRanks’ Stock Analysis page.
