Loading...
Loading...
Shares of Sony Corporation
SNE are down over 1% in pre-market trading on
news that Tessera has filed a lawsuit against the company.
Tessera Technologies is suing Sony in the California state court saying Sony breached a contract that called for payment of royalties.
"Under our agreement with Sony, we have the right to examine and audit Sony's records regarding amounts due, as we typically have with all our licensees," said Chief Executive Robert Young.
At last check, shares of SNE were off 36 cents to $26.85.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in