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NGVT

Ingevity

$70.16 /

-3.7 (-5.01%)

15:30
01/29/20
01/29
15:30
01/29/20
15:30

Ingevity to petition ITC to review judge's determination, to pursue MAHLE case

Ingevity announced it will petition the U.S. International Trade Commission to review the Administrative Law Judge's Initial Determination published today in regards to its decision in the hearing phase of the ITC Section 337 proceeding that it brought against MAHLE Filter Systems North America and other named defendants, seeking to prevent further importation of activated carbon products that infringe Ingevity's patent covering canister systems used to comply with U.S. Environmental Protection Agency Tier 3 and California LEV III regulations to control automotive gasoline vapor emissions. In addition, Ingevity intends to continue to pursue its case against MAHLE in the U.S. District Court in the Northern District of Illinois alleging infringement on that patent and seeking remuneration for damages, the company said. The ruling of the ITC judge does not invalidate Ingevity's patent which remains in force, according to the company, which also noted that the U.S. Patent Trial and Appeal Board in October 2019 ruled in Ingevity's favor and dismissed a petition from MAHLE to invalidate the patent. "While we're disappointed in this ruling, it's important to keep it in context. This ruling is limited to the specific request to the ITC to ban the importation of infringing materials. The ITC does not have the ability to invalidate patents issued by the U.S. Patent and Trademark Office. And, it's important to note that the judge did find infringement on the part of MAHLE," said Michael Wilson, Ingevity's president and CEO.

  • 03

    Feb

NGVT Ingevity
$70.16 /

-3.7 (-5.01%)

01/24/20 Loop Capital
Ingevity upgraded to Buy from Hold at Loop Capital
12/06/19 Loop Capital
Ingevity downgraded to Hold from Buy at Loop Capital
12/06/19 Loop Capital
Ingevity downgraded to Hold from Buy at Loop Capital
10/28/19 BMO Capital
Ingevity price target lowered to $121 from $127 at BMO Global

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