AOUT - American Outdoor Brands files patent infringement complaint against Vista Outdoor
2023-06-07 16:39:34 ET
- Gunmaker American Outdoor Brands ( NASDAQ: AOUT ) on Wednesday said it had filed a patent infringement complaint against larger rival Vista Outdoor ( NYSE: VSTO ).
- The complaint alleges that VSTO is infringing AOUT's patent rights over its Frankford Arsenal Intellidropper gunpowder measuring system.
- According to AOUT, VSTO's sale of the RCBS ChargeMaster Supreme Electronic Powder Dispenser infringes upon its patents.
- "The complaint asserts infringement of five of American Outdoor Brands' ( AOUT ) patents, was filed in Missouri federal court, and seeks injunctive relief and monetary damages," the company said in a statement .
- AOUT stock was unchanged after hours. It earlier closed -0.5% at $7.85. VSTO stock was marginally lower in extended trading, after earlier closing +5.2% at $28.91.
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American Outdoor Brands files patent infringement complaint against Vista Outdoor