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Key Developments: Loral Space & Communications Inc (LORL.OQ)

LORL.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Loral Space & Communications Inc announces court overturns damage award in ViaSat lawsuit against SSL, orders new trial on damages
Monday, 11 Aug 2014 08:00am EDT 

Loral Space & Communications Inc:Says trial court on Aug. 8 issued decisions on post-trial motions filed in breach of contract and patent infringement lawsuit brought by ViaSat, Inc. (ViaSat) against Loral and Loral's former subsidiary, Space Systems/Loral, LLC.Says finding that the jury's damages award resulted in a miscarriage of justice, vacated in full the $283 mln jury verdict against SSL.Says court ordered that new jury trial be held on the amount of damages and has tentatively scheduled the trial to proceed in Nov. 2014.Says court deferred, until Aug. 26, argument on ViaSat's motion seeking an injunction to prevent the manufacture and sale by SSL of additional satellites that infringe ViaSat's patents.  Full Article