Nine Energy Services (NINE) Statement on U.S. District Court Decision
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Nine Energy Service, Inc. Statement on U.S. District Court Decision
January 24, 2022 5:00 PM ESTHOUSTON--(BUSINESS WIRE)-- Nine Energy Service, Inc. (NYSE: NINE) (Nine or the Company) announced today that a jury in the Western District of Texas, Waco Division (the Court) reached a verdict on January 21, 2022 in the patent litigation regarding the Companys BreakThru Casing Flotation Device and its alleged infringement of a patent held by NCS Multistage Holdings, Inc. (NCS). The jury found that Nine infringed on NCSs patent and awarded NCS damages in the amount of less than $500,000.
The Company strongly disputes the merits of NCSs case, believes that NCSs patent is invalid and not... More
