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Stock Market & Financial Investment News

News Breaks
June 19, 2014
09:31 EDTPPOPolypore downgraded at Wedbush
As noted earlier, Wedbush downgraded Polypore to Neutral from Outperform. The firm downgraded the stock based on valuation. Target remains $38.
News For PPO From The Last 14 Days
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July 22, 2014
07:50 EDTPPOPolypore court ruling a 'significant positive,' says William Blair
William Blair views yesterday's U.S. District Court decision granting a motion by Polypore's subsidiary for a preliminary injunction against LG Chem as a "significant positive." The firm says the stock's flat reaction to the news creates a near-term buying opportunity and it keeps an Outperform rating on shares of Polypore.
July 21, 2014
08:08 EDTPPOPolypore receives favorable ruling on preliminary injunction against LG Chem
Polypore announced that the United States District Court for the Western District of North Carolina has granted a motion by Celgard, a subsidiary of Polypore International, for a preliminary injunction against LG Chem, and LG Chem America. The judge's order granting the injunction is currently under seal; portions of the order may be released in the future at the court's discretion. Celgard had requested a preliminary injunction to prohibit the importation, sale or offer for sale in the United States and inducement of others to use, sell or offer for sale lithium-ion batteries, including batteries used in electric drive vehicles and consumer electronics, which contain LG's ceramic coated lithium-ion battery separator, until a full trial on the matter is concluded. The lawsuit and motion for injunction are based on Celgard's assertion that LG infringes Celgard's patent, which claims ceramic composite layer lithium-ion battery separators first developed by Celgard for high-energy rechargeable lithium-ion batteries.

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