Pendrell stock falls 45% after court overturns $603 million verdict in Boeing case

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Pendrell Corp., the Kirkland patent holding firm led by former executives of Clearwire, said it was disappointed after the Court of Appeal of the State of California overturned a 2008 verdict involving its ICO Global Communications unit and The Boeing Co. In 2008, ICO was awarded $603 million after a jury found that Boeing’s subsidiaries had… Read More…