TCL Electronics Holdings Ltd's stock soared by 5.03% on September 26th, despite facing a patent infringement investigation by the United States International Trade Commission (USITC). The surge came after the company issued a clarification regarding the investigation initiated by the USITC concerning a complaint filed by Maxell.
According to TCL Electronics, the investigation is still in its preliminary stages, and the company believes it will not have a substantial impact on its operations. The complaint alleges that TCL Electronics' products imported and sold in the United States infringed on patents purportedly owned by Maxell.
Despite the potential legal concerns, investors appear to have reacted positively to TCL Electronics' statement, which downplayed the significance of the investigation. The company's assurance that the matter is unlikely to significantly disrupt its business operations seems to have reassured the market, leading to the stock's impressive gain.
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