Delaware Jury Awards Qualcomm $2, Finds Arm Breached License Agreement
A Delaware jury ruled that Arm Holdings breached its architectural license agreement with Qualcomm and intentionally disrupted its business, awarding Qualcomm nominal damages of $2. The verdict was announced by a Qualcomm spokesperson on Tuesday. Arm's shares fell more than 1% in afternoon trading following the ruling. The case centered around allegations from Qualcomm regarding breaches under their licensing terms. While no immediate response has been provided by Arm to Reuters' inquiry, the market reaction suggests investor concern over potential legal and business implications for Arm.
Topics: intellectual property lawsuit licensing agreement
Part of the story Delaware Jury Awards Qualcomm $2 in Damages from Arm Over License Agreement Breach (3 articles)