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BRIEF-CalAmp announces court ruling in Omega patent infringement case
April 11, 2017 / 8:48 PM / 5 months ago

BRIEF-CalAmp announces court ruling in Omega patent infringement case

April 11 (Reuters) - CalAmp Corp:

* CalAmp announces court ruling in Omega patent infringement case

* Says last week court entered judgment against calamp in patent infringement lawsuit filed in December 2013

* Says recorded a reserve of $2.9 million in February 2016 at time of jury verdict

* CalAmp corp -recorded reserve of $6.0 million in its financial statements for year ended February 28, 2017 as a result of judge’s award of trebled damages

* CalAmp - on April 5, trial court judge awarded Omega trebled damages in aggregate amount of $8.9 million plus attorneys’ fees in amount to be determined

* CalAmp Corp - $6.0 million charge will impact fiscal 2017 GAAP-basis results of operations by $0.11 per diluted share

* CalAmp Corp - $6.0 million charge will not impact fiscal 2017 non-GAAP earnings per share or adjusted EBITDA Source text for Eikon: Further company coverage:

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