Document Security Systems, Inc. (NYSEAMERICAN: DSS) is having a relatively strong start to the trading session this morning, and for good reason. The company announced a positive ruling that led to excitement among investors. Today, we’ll talk about the ruling, what we’re seeing from the stock as a result, and what we’ll be watching for with regard to DSS ahead.
DSS Announces Positive Court Ruling
As mentioned above, Document Security Systems is having a pretty strong start to the trading session this morning, and for good reason. In a press release issued early this morning, the company announced a positive ruling. In the release, the company said that the Patent Trial and Appeal Board (PTAB) was wrong when it found that claims 1-4 and 9-10 of the US Patent No. 6,128,290, was unpatentable.
In the release, DSS reminded investors that the ‘290 patent is the subject of the company’s infringement case against Apple. In this case, the company accuses Apple products that use wireless Bluetooth connections to a plurality of peripheral devices infringes upon the ‘290 patent. However, this case was on a stay pending the resolution of Apple’s claims that the ‘290 patent was invalid and technology unpatentable. Nonetheless, the PTAB ruled that the patent stands. In a statement, Jeff Ronaldi, CEO at DSS, has the following to offer:
We are pleased that the Federal Circuit recognized that Apple had not proven the claims of the ‘290 patent to be invalid and look forward to pursuing our claims for patent infringement against Apple in court.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In the case of Document Security Systems, the news proved to be overwhelmingly positive. After all, with the new ruling from the Patent Trial and Appeal Board, the case the company has with regard to patent infringement against Apple will move forward. So, it’s no surprise that excited investors are pushing the stock toward the top today. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (8:59), DSS is trading at $1.63 per share after a gain of $0.09 per share or 5.84% thus far today.
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on DSS. In particular, we’re interested in following the story surrounding the company’s case against Apple after the news released by the company today. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
Never Miss The News Again
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!