Netlist announces jury verdict against Samsung in federal court

Netlist (NLST) announced that a jury verdict in the Federal District Court for the Central District of California found Samsung (SSNLF) materially breached the Joint Development and License Agreement signed by the parties in November 2015. C.K. Hong, Netlist’s CEO, said, “We would like to thank the Jury for their diligence in this case. Their unanimous decision confirmed that Samsung breached the Agreement and no longer has a license to Netlist’s patent portfolio. We are committed to protecting our intellectual property and extending licenses which fairly compensate Netlist and its shareholders.”