| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Court Orders Hytera to Pay Over $70 Million in Unpaid Royalties and Interest to Motorola Solutions on the Prior Sale of Hytera's "Redesigned" H-Series Products; $70+ Million is in Addition to the More Than $550 Million in Judgment and Royalties Previously Awarded by the Court
Court Holds Hytera in Civil Contempt for the Third Time for Refusing to Obey Court Orders
Motorola Solutions, Inc. (NYSE:MSI) supports the recent ruling from the U.S. District Court for the Northern District of Illinois (the "District Court") that determined Hytera Communications Corporation Limited (SHE: 002583) of Shenzhen, China ("Hytera") continues to use Motorola Solutions' trade secrets in Hytera's digital mobile radio (DMR) H-Series products sold worldwide. Despite Hytera's claim to have redesigned the H-Series without Motorola Solutions' intellectual property, the District Court found that Hytera's H-Series products are substantially similar to Hytera's previously adjudicated DMR radios and repeaters, noting:
The District Court has ordered Hytera to pay Motorola Solutions royalties of more than $59 million plus more than $11 million in interest for Hytera's worldwide sales of H-Series products through the first quarter of 2024. These amounts were calculated in accordance with the District Court's July 2022 order requiring Hytera to pay Motorola Solutions royalties of $80.32 per unit for Hytera radios and $378.16 per unit for Hytera repeaters that utilize Motorola Solutions' stolen trade secrets and copyrighted source code. The order also requires Hytera to pay these royalties going forward on its H-Series products sold worldwide, subsequent to the first quarter of 2024.
Posted In: MSI