Kopin files appeal against $19.7M judgment in Blue Radios case

In a regulatory filing, the company stated, “On October 7, 2025 Kopin (KOPN) filed an appeal of the $19.7 million judgement against the company in the matter of Blue Radios Inc. v. Kopin Corporation. The bond was for the amount of $23 million which consisted of the judgement, legal expenses and interest that would accrue over the expected term of the appeal. To post the bond the company entered into loan agreements with its bank which provides the bank with a security interest in the $23 million the company deposited with the bank. The bank then issued a Letter of Credit to a surety company who then issued the bond to the court. The Agreement provides for standard representations and warranties and allows the bank to use the $23 million to satisfy the LOC in the event the LOC is called.”