Insulet Successfully Defends its Intellectual Property Against EOFlow Co. in U.S. District Court
Insulet Corporation (PODD)
Last insulet corporation earnings: 2/25 04:01 pm
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Source: Business Wire
Jury awards $452M in damages ACTON, Mass.--(BUSINESS WIRE)--Insulet Corporation (NASDAQ: PODD) (Insulet or the Company), the global leader in tubeless insulin pump technology with its Omnipod® brand of products, announced that it has successfully defended its intellectual property against EOFlow Co., Ltd. (“EOFlow") in federal court.After a four-week trial in the U.S. District Court for the District of Massachusetts in the matter of Insulet Corporation vs. EOFlow et al., a jury verdict was returned in favor of Insulet on December 3, 2024.The jury found that EOFlow and several other defendants misappropriated Insulet’s trade secrets. The jury awarded the Company $170 million in compensatory damages from EOFlow and an additional $282 million in exemplary damages from EOFlow for willful and malicious misappropriation, for a total damages award of $452 million. EOFlow’s ability to satisfy this damage award is not known with certainty."We are extremely pleased with the jury’s verdict, w
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- Insulet Corporation (NASDAQ:PODD) Delivered A Better ROE Than Its Industry [Yahoo! Finance]Yahoo! Finance
- Insulet Co. (NASDAQ: PODD) had its price target raised by analysts at JPMorgan Chase & Co. from $280.00 to $330.00. They now have an "overweight" rating on the stock.MarketBeat
- Insulet Co. (NASDAQ: PODD) had its price target raised by analysts at Citigroup Inc. from $283.00 to $310.00. They now have a "buy" rating on the stock.MarketBeat
- Insulet Co. (NASDAQ: PODD) had its price target raised by analysts at Wells Fargo & Company from $290.00 to $305.00. They now have an "overweight" rating on the stock.MarketBeat
- Insulet Co. (NASDAQ: PODD) had its price target raised by analysts at Canaccord Genuity Group Inc. from $269.00 to $304.00. They now have a "buy" rating on the stock.MarketBeat
PODD
Earnings
- 11/7/24 - Beat
PODD
Sec Filings
- 12/17/24 - Form 4
- 12/16/24 - Form 144
- 12/11/24 - Form 4
- PODD's page on the SEC website