BRIEF

on Comet Holding AG (isin : CH0360826991)

Court of Appeals Orders New Trial in Comet vs. XP Power Case

The Ninth Circuit Court of Appeals in San Francisco has called for a new trial in the lawsuit between Comet Technologies USA, Inc. and XP Power, LLC. The initial jury found that XP Power had misappropriated Comet's trade secrets for developing RF power products, leading to a 2022 ruling granting an injunction and damages to Comet.

The Court's decision hinges on the presentation of the burden of proof to the jury by the district court, without questioning the validity of Comet's claims or evidence. Despite the setback, Comet remains confident as the Court did not contest the importance of its trade secrets.

The remand is expected to have minimal impact on Comet's operations and financial standing. The company remains committed to its business during the ongoing litigation.

R. E.

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