Matthews International Refutes Tesla Allegations
Matthews International Corporation - Class A (MATW)
Last matthews international corporation - class a earnings: 1/30 04:15 pm
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US:NASDAQ Investor Relations:
matw.com/investor
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Source: GlobeNewswire
PITTSBURGH, June 17, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (Nasdaq GSM: MATW). On Friday evening, June 14, 2024, Tesla filed a complaint in Federal District Court in the Northern District of California. The claims stated in this threadbare complaint are utterly without merit and we intend to vigorously defend the matter. Notably, the complaint vaguely references trade secrets, but fails to identify even one trade secret that Tesla purportedly disclosed to Matthews. We are continuing to evaluate this complaint and may pursue legal remedies. Contrary to the allegations in the complaint, Tesla’s lawsuit is simply a new tactic in their ongoing efforts to bully Matthews and improperly take Matthews’ valuable intellectual property. Furthermore, Tesla’s complaint attempts to restrict us from offering our innovative solutions to others, preventing the market from significantly benefiting from the savings associated with our dry battery electrode (“DBE”) solutions, and
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MATW
News
- Matthews International Co. (NASDAQ: MATW) had its price target lowered by analysts at B. Riley from $54.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
- Matthews International Announces Pricing of Senior NotesGlobeNewswire
- Matthews International Announces Proposed Private Offering of Senior Notes [Yahoo! Finance]Yahoo! Finance
- Matthews International Announces Proposed Private Offering of Senior NotesGlobeNewswire
- The past year for Matthews International (NASDAQ:MATW) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
MATW
Earnings
- 8/1/24 - Miss
MATW
Sec Filings
- 9/24/24 - Form 8-K
- 9/23/24 - Form 8-K
- 8/20/24 - Form 4
- MATW's page on the SEC website