The International Trade Commission has upheld a ruling by one of its administrative judges that Kodak did not infringe on Apple patents for digital cameras, according to a Reuters report.
Apple had filed a complaint with the ITC in May 2010, accusing Kodak of infringing patents for making digital cameras and related software. The ITC administrative law judge said two months ago that Kodak did not infringe the patents.
Kodak's share price has been volatile on patent suits, and briefly rose more than 5 percent after the ruling in after-hours trading before paring those gains. The stock closed 8 percent lower at $2.52 on the New York Stock Exchange on Monday.
"We are pleased that the commission has confirmed the ALJ's finding that there is no violation by Kodak," said Kodak spokesman David Lanzillo.
The ITC is also decided on whether Apple and RIM have infringed on Kodak patents. That matter is still pending.
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Apple had filed a complaint with the ITC in May 2010, accusing Kodak of infringing patents for making digital cameras and related software. The ITC administrative law judge said two months ago that Kodak did not infringe the patents.
Kodak's share price has been volatile on patent suits, and briefly rose more than 5 percent after the ruling in after-hours trading before paring those gains. The stock closed 8 percent lower at $2.52 on the New York Stock Exchange on Monday.
"We are pleased that the commission has confirmed the ALJ's finding that there is no violation by Kodak," said Kodak spokesman David Lanzillo.
The ITC is also decided on whether Apple and RIM have infringed on Kodak patents. That matter is still pending.
Read More