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Stock Market & Financial Investment News

News Breaks
January 8, 2013
08:07 EDTGBGreatbatch sees FY13 adj EPS $1.90-$2.00, consensus $1.90
Sees FY13 revenue $660M-$680M, consensus $676.28M
News For GB From The Last 14 Days
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February 1, 2016
16:32 EDTGBGreatbatch to collaborate with Aleva Neurotherapeutics
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January 27, 2016
08:31 EDTGBAVX says jury finds Greatbatch incurred damages totaling $37.5M in case
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January 26, 2016
17:35 EDTGBGreatbatch awarded $37.5M in patent infringement case against AVX
Greatbatch (GB) announced that a jury in the United States District Court for the District of Delaware returned a verdict finding that AVX Corporation (AVX) and AVX Filters Corporation infringed two Greatbatch patents, and in the process awarded Greatbatch $37.5M in damages. The complaint, filed in April 2013, alleged that AVX had infringed Greatbatch patents by manufacturing and selling filtered feedthrough assemblies used in implantable pacemakers and cardioverter defibrillators that incorporate its patented technology. During trial, Greatbatch presented evidence that certain AVX products infringed claims of U.S. Patent Nos. 5,905,627 and 5,333,095. In advance of trial, the Court determined that the jury should also include damages for infringement of U.S. Patent No. 6,888,715. In awarding Greatbatch $37.5M in damages, the jury also confirmed the validity of Greatbatch's asserted patents, as well as two other Greatbatch patents that AVX had challenged.

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