“Akoustis Drops Appeal in $39M IP Verdict After Filing for Bankruptcy”

Radio frequency filter firm Akoustis Technologies has decided to abandon its appeal against a jury verdict awarding $39 million to its competitor, Qorvo Inc., due to claims of patent infringement and trade secrets misappropriation. The financial burden of the verdict led Akoustis to file for Chapter 11 bankruptcy protection in December. This development has significant implications for Akoustis’ business operations and its litigation strategy moving forward. For more details on this legal dispute, view the report on Law360.