VZIO - Vizio rises even as ITC investigates it over potential patent violations
- Vizio Holding ( NYSE: VZIO ) shares rose on Wednesday even as the U.S. International Trade Commission said it was investigating the consumer electronics company over potential patent violations.
- The announcement , filed with the ITC on September 15 by Japan's Maxell, alleges that section 337 of the Tariff Act of 1930 was violated.
- Specifically, four patents were alleged to be violated, according to the release.
- Vizio Holding ( VZIO ) shares gained more than 1% to $10.49 in late trading.
- Earlier this month, Vizio ( VZIO ) said it had closed its upfronts with more than $200M in commitments from a number of different advertisers .
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Vizio rises even as ITC investigates it over potential patent violations