NetList Inc (NLST)

[100lbStriper]

$NLST Just filed in Samsung293 case awaiting trial date & 463—won and awaiting a ruling on Netlist ongoing royalty.
"Plaintiff Netlist submits this notice informing the Court of the unanimous jury verdict entered in Netlist v. Samsung No. 20-cv-993-MCS-ADS. A copy of the jury verdict is attached as Exhibit A. On May 17, 2024, following a four-day trial before the Honorable Mark C. Scarsi, a jury in the Central District of California found that: (1) Defendant Samsung Electronics Co., Ltd. (“Samsung”) “agreed to supply NAND and DRAM products to Netlist without limitation to the parties’ NVDIMM-P joint development project on Netlist’s request at a competitive price;” and (2) Samsung materially breached Section 6.2 of the Joint Development and License Agreement (“JDLA”). Ex. A at 3. There is no dispute that Netlist’s termination of the JDLA was effective in light of the material breach. CDCA Action, Dkt. 186 (Summary Judgment Order) at 18 (“Netlist Complied with the Termination Term”)."
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