Markforged seeking to overturn verdict in patent lawsuit with Continuous Composites

Markforged has introduced it’s hoping to overturn the decision reached by a U.S. District Courtroom for the District of Delaware jury in its patent lawsuit with Steady Composites

The jury returned a verdict in opposition to Markforged, with the corporate ordered to pay Steady Composited $17.34 million.

Steady Composites filed a patent-infringement lawsuit in opposition to Markforged in July 2021, with 4 patents and 20 patent claims eradicated from the lawsuit in April 2023 to go away one patent and two patent claims. Certainly one of these remaining claims was deemed ‘invalid or not infringed’ by the jury, but it surely did discover that Markforged had infringed on the opposite patent declare, awarding financial damages to Steady Composites. 

A Markforged press launch speaking this discovering has said that whereas it ‘can not predict what further motion Steady Composites could take, it’s doable that they might search further reduction by way of post-trial motions for royalty funds on future income.’ Markforged has mentioned any such royalty funds might ‘materially impression the Firm’s enterprise and operations.’ Markforged is presently working to regain compliance with the New York Inventory Alternate’s Listed Firms Guide after its share worth dipped under the 1.00 USD threshold for 30 consecutive buying and selling days. 

In its communications this week, Markforged has additionally said it strongly disagrees with the jury’s verdict and can search to overturn it in post-trial motions with the District Courtroom.