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Technology Stocks : Verizon Communications (VZ)
VZ 39.32+0.2%Oct 28 3:59 PM EDT
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From: John Hayman7/24/2025 9:28:46 PM
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Verizon owes $175 million in patent infringement case, Texas jury says

July 23 (Reuters) - A federal court in Marshall, Texas, said on Wednesday that U.S. telecom company Verizon Wireless (VZ.N), opens new tab must pay $175 million in damages for violating an inventor's patent rights related to wireless communications technology.
The jury's decision, opens new tab in favor of Headwater Research comes just months after the firm secured a $278 million verdict in a separate patent dispute against Samsung (005930.KS), opens new tab over wireless technology, also in the same Marshall, Texas, federal court.

A Verizon spokesperson said that the Wednesday verdict was "simply not supported by the facts" and that the company will appeal. Attorneys for Headwater did not immediately respond to a request for comment.
Tyler, Texas-based Headwater was founded by scientist and inventor Gregory Raleigh. Headwater said in its complaint in 2023 that its patented technology allows wireless devices to "reduce data usage and network congestion, extend battery life by decreasing power consumption, and enable users to stay connected."
Headwater said it shared information about its technology with Verizon under a non-disclosure agreement between 2009 and 2011. The complaint said that Verizon's mobile phones, tablets and cellular networks infringed Headwater's patents.
Verizon denied the allegations and argued that the patents were invalid.
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