Google, Apple Shares Rise After Judge Tosses Suit
NEW YORK (AP) – Shares of Google and Apple edged higher in pre-market trading after a federal court judge dismissed a patent lawsuit against the tech giants brought by Microsoft Corp. co-founder Paul Allen.
U.S. District Court Judge Marsha Pechman in Seattle threw out Allen’s patent infringement claims Friday. Pechman said Allen wasn’t specific enough in identifying which products had violated his intellectual property rights.
Google Inc. shares rose $5.78, or 1 percent, to $597.99 ahead of regular trading Monday, while Apple Inc. climbed $4.83, or 1.5 percent, to $325.39.
Others targeted in the suit include Facebook Inc., eBay Inc., Yahoo Inc., Netflix Inc., AOL Inc., Office Depot Inc., OfficeMax Inc., Staples Inc. and Google-owned YouTube LLC.
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