Joby Hit With Over $100 Million in Damages in IP Lawsuit Verdict
A federal jury rejected all of Joby's counterarguments.
Overview
The world of electric vertical takeoff and landing (eVTOL) vehicle stocks has already been roiled by lawsuits and countersuits over the past year.
Today, one of those suits took a big step toward final resolution, as a federal jury returned a multimillion-dollar verdict in a dispute between avionics supplier Aerosonic, a TransDigm Group (NYSE:TDG) subsidiary, and eVTOL start-up Joby Aviation (NYSE:JOBY).
Details
Here's what the dispute was about and how it will affect the company moving forward.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.