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Judge in Palo Alto, Juniper Case Declares Mistrial

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Shares of Palo Alto Networks (NASDAQ: PANW) made a sharp move higher in Friday's afternoon trading session as a federal judge declared a mistrial in the company's case with Juniper Networks (NASDAQ: JNPR).

Jurors involved in the case could not come to a decision; Juniper had filed a suit against Palo Alto related to the alleged infringement of three patents. Sources have not yet reported on any details related to how long the trial will be suspended.

Palo Alto shares spiked about 10 percent as news of the mistrial began hitting the wires. Shares of Juniper have ticked off session lows following the report, but are still down about 0.5 percent to $26.32 at last check.

Posted-In: News Rumors Legal Movers

 

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