Administrative Law Judge: Motorola Mobility Did Not Breach Apple IP
Motorola Mobility Holdings (NYSE:MMI) (NASDAQ:GOOG) says it has good news: the Administrative Law Judge at the U.S. International Trade Commission has made a preliminary ruling in favor of Motorola Mobility in the lawsuit filed by Apple (NASDAQ:AAPL). The ALJ found no breach of any of the three Apple patents listed in the action.
“We are pleased with today’s favorable outcome for Motorola Mobility,” said Scott Offer, senior vice president and general counsel of Motorola Mobility. “Motorola Mobility has worked hard over the years to develop technology and build an industry-leading intellectual property portfolio. We are proud to leverage this broad and deep portfolio to create differentiated innovations that enhance the user experience.”
Here’s how Apple and Motorola Mobility shares traded most recently:
Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $419.81, down $1.58, or 0.37%. They have traded in a 52-week range of $310.50 to $426.70.
Motorola, Inc. (NYSE:MMI): MMI shares recently traded at $38.45, down $0.05, or 0.13%. They have traded in a 52-week range of $20.77 to $39.20.
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