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Re: $Pistol Pete$ post# 174673

Saturday, 01/13/2018 5:10:11 PM

Saturday, January 13, 2018 5:10:11 PM

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$SLB The U.S. Supreme Court today agreed to review a bid by Schlumberger (NYSE:SLB) to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas.

The case involves a fight over how much ION Geophysical (NYSE:IO) must pay for infringing SLB technology that helps search for oil and gas beneath the ocean floor.

The justices will hear SLB’s appeal of a lower court ruling that barred it from recovering more than $93M stemming from foreign contracts the company said it lost as a result of the infringement.
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