TMCnet News
Sony Shares Down On New Lawsuit(Benzinga Lightning Feed Via Acquire Media NewsEdge) Shares of Sony Corporation (NYSE: SNE) are down over 1% in pre-market trading on news that Tessera has filed a lawsuit against the company. Tessera Technologies is suing Sony in the California state court saying Sony breached a contract that called for payment of royalties. "Under our agreement with Sony, we have the right to examine and audit Sony's records regarding amounts due, as we typically have with all our licensees," said Chief Executive Robert Young. At last check, shares of SNE were off 36 cents to $26.85. (c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga. [ Back To TMCnet.com's Homepage ] |