Apple, Tesla, Moneygram: Intellectual Property
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Apple Inc., maker of the iPhone and iPad, dropped its challenge of a $19 million patent verdict lost to OPTi Inc. a day before a court was to hear the appeal.
OPTi, which reported $3.25 million in sales for the three months ended Sept. 30, jumped 15 percent in over-the-counter trading after the U.S. Court of Appeals for the Federal Circuit in Washington granted the companies’ joint motion to dismiss the appeal. According to the case docket, the reason behind the request for dismissal wasn’t made public.