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Stock Market & Financial Investment News

News Breaks
December 6, 2012
09:42 EDTMITKMitek Systems mentioned positively at Compass Point
News For MITK From The Last 14 Days
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September 9, 2014
07:28 EDTMITKThe Money Event, Inc to hold a conference
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05:49 EDTMITKTop Image Systems settles pending patent infringement suit with Mitek Systems
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September 8, 2014
16:10 EDTMITKMitek Systems ends suit against Top Image Systems
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September 4, 2014
09:06 EDTMITKOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PVH Corp. (PVH), up 9%... Verifone (PAY), up 3.8%... Methode Electronics (MEI), up 13%... Bazaarvoice (BV), up 9%. ALSO HIGHER: Bolt Technology (BOLT), up 35.7% after Teledyne (TDY) agrees to acquire the company for $22 per share in cash... Mitek Systems (MITK), up 58% after USAA lawsuit settlement... Tibco Software (TIBX), up 7% after announcing that it is reviewing strategic alternatives... Stereotaxis (STXS), up 22% after receiving FDA clearance for Vdrive with V-Loop system... NewLink (NLNK), up 3.4% after reporting FDA approval for Phase 1 clinical studies of Ebola vaccine. DOWN AFTER EARNINGS: Ciena (CIEN), down 3%... Joy Global (JOY), down 1%... Matrix Service (MTRX), down 11%... Mobileye (MBLY), down 1.3%. ALSO LOWER: Yum! Brands (YUM), down 2.8% after updating third quarter China division same-store sales guidance... 3D Systems (DDD), down 2.9% after downgraded at Pacific Crest... GoPro (GPRO), down 3.5% after downgraded at JPMorgan... Shanda Games (GAME), down 4% after announcing reconstitution of special committee.
September 3, 2014
19:27 EDTMITKMitek Systems up 60% in after hours trading after USAA lawsuit settlement
18:02 EDTMITKMitek Systems, USAA settle lawsuit
USAA and Mitek announced that they have agreed to settle all pending litigation between them. USAA and Mitek Systems have been in litigation since March 29, 2012. Over the past several days, the parties have met and conferred in good faith concerning the claims remaining for trial. As a result of this discussion, the parties have agreed to resolve these claims as follows: USAA will move to dismiss all of its remaining claims, including its claims for misappropriation of trade secrets, breach of contract, fraud, inequitable conduct, and invalidity of Mitek's patents. Mitek will move to dismiss all of its remaining claims, including its claims for trade defamation and violations of the Lanham Act. Mitek covenants not to sue USAA for patent infringement for products currently sold, marketed, or advertised by USAA, including its Deposit@Mobile application. The parties acknowledge that distinct patent rights exist for each of them. Neither party admits liability on any claim, and neither party is making any payment to the other. USAA is retaining its license to use Mitek's Quick Strokes, Quick FX Pro, and Image Score software products.

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