Eastman Kodak Faces Patent Infringement Lawsuit from Kyocera for Inkjet Printers

EK

EK

Kyocera Corporation filed a complaint against Eastman Kodak Company in the U.S. District Court for the Southern District of California for infringement of one of Kyocera's patents for inkjet recording head structure. The complaint alleges that the head component of Eastman Kodak Company inkjet printers infringes U.S. Patent No. 7,097,286, which is Kyocera's intellectual property. This patent resulted from the Kyocera Group's research and development efforts and more than 50 years of innovation in the field of advanced ceramics. The suit seeks as-yet undetermined monetary damages, as well as an injunction against Kodak to cease manufacturing and sales of products that infringe said patent.
EventVestor Insights on the impact of Legal/Regulatory Array event on stock prices:
EK stock price outperformed the market 3 out of 5 times over the last two years, by an average 3.5% the day it announced Legal/Regulatory events. During the one week period after Legal/Regulatory , the stock outperformed the market 2 out of 5 occasions by an average 16.7%.
EK stock price underperformed the market 1 out of 5 times over the last two years, by an average -14.4% the day it announced Legal/Regulatory events. During the one week period after Legal/Regulatory , the stock underperformed the market 2 out of 5 occasions by an average -11.7%.
EK peers (SNE, SFLY, HOLX) have outperformed the market 3 out of 5 times over the last two years, by an average 2.2% the day they announced Legal/Regulatory events. During the one week period after Legal/Regulatory , these stocks outperformed the market 2 out of 5 occasions , by an average 1.7%.
EK peers (SNE, SFLY, HOLX) have underperformed the market 2 out of 5 times over the last two years, by an average -0.9% the day they announced Legal/Regulatory events. During the one week period after Legal/Regulatory , these stocks underperformed the market 3 out of 5 occasions, by an average -1.1%.

There have been a total of 56 Legal/Regulatory announcements during the last 1 month.

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