London-listed XP Power rises after U.S. appeals court overturns $40 mln Comet verdict, orders new trial
15/07/2026 08:35
BUZZ-London-listed XP Power rises after U.S. appeals court overturns $40 mln Comet verdict, orders new trial ** Shares of power control components maker XP PowerXPP.L up 4.6% 1,922 pence, top gainer FTSE midcap index .FTMC
** US Court of Appeals reverses judgment and remands for a new trial
** The case relates to Comet Technologies USA's claims that XP Power misappropriated semiconductor equipment trade secrets
** The appeals court overturned the 2022 ruling, vacating the $40 million damages award, $17 million-plus legal fees and permanent injunction, and ordered a new trial.
** Group will continue to defend its position and will provide further updates as appropriate
** YTD, XPP up about 112%
(Reporting by Megha Kumari in Bengaluru)