8 Mar 2021 07:00
8 March 2021
This announcement contains information that was previously Inside Information, as that term is defined in the Market Abuse Regulation (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014) as it forms part of domestic law by virtue of The European Union (Withdrawal) Act 2018.
Micro Focus International plc
Update on Patent Litigation Case
The Board of Micro Focus International plc ("Micro Focus" or the "Company") issues an update regarding the Company's ongoing patent litigation with Wapp Tech Limited Partnership and Wapp Tech Corp (collectively "Wapp").
As previously disclosed, on 2 July 2018, Wapp brought a claim against Micro Focus in the Eastern District of Texas, accusing the Company of infringing claims of three patents in connection with Micro Focus' manufacture and sale of certain products in the ADM product line, including LoadRunner and Performance Center.
On 5 March 2021, the jury in the case has now delivered a verdict in favour of the claimant and awarded damages totalling $172.5 million. The matter is awaiting the judge to hand down his judgement and the judge has discretion to increase the total damages awarded.
Micro Focus has received comprehensive and clear advice from its external counsel that it has a very strong case to appeal both the infringement verdict and the amount of the damages. Accordingly, Micro Focus intends to appeal any judgement resulting from the verdict. Micro Focus continues to contend that there has been no infringement of any intellectual property and its advice from external counsel continues to support this.
The Board will issue a further statement if and when appropriate.
Enquiries:
Micro Focus Tel: +44 (0)1635 32646
Stephen Murdoch, CEO Investors@microfocus.com
Brian McArthur-Muscroft, CFO
Ben Donnelly, Head of Investor relations
Brunswick Tel: +44 (0) 20 7404 5959
Sarah West MicroFocus@brunswickgroup.com
Jonathan Glass
Notes to Editors:
About Micro Focus
Micro Focus (LSE: MCRO.L, NYSE: MFGP) is a global enterprise software company supporting the technology needs and challenges of the Global 2000. Our solutions help organizations leverage existing IT investments, enterprise applications and emerging technologies to address complex, rapidly evolving business requirements while protecting corporate information at all times. Our product portfolios are Security, IT Operations Management, Application Delivery Management, Information Management & Governance and Application Modernization & Connectivity. For more information, visit: www.microfocus.com