NEA 0.00% $2.10 nearmap ltd

Ann: FY21 preliminary results, exceeds recently upgraded guidance, page-86

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    I found that link early on in my litigation research. For those wanting more perspective on the reasons why the damages awarded to EV were so large- I recommend reading the article.

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    September 25, 2019 turned out to be a bad day for Verisk Analytics—a jury determined that Verisk willfully infringed several patents on aerial imaging owned by rival EagleView Technologies and set damages at $125 million.

    February 16, 2021 turned out be a REALLY BAD DAY for Verisk Analytics. On that day, the New Jersey federal judge overseeing the case awarded “treble” damages and increased the damage award to $375 million as a punitive measure in view of Verisk’s conduct—both prior to being sued, as well as during the case itself. In addition, he ordered Verisk to pay the attorneys’ fees and costs incurred by EagleView, as well as pre- and post-judgment interest.
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    NEA vs. EV is a completely different case and therefore no direct comparisons can be made.
 
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