Emulex Files Lawsuit Against Broadcom

Stock quotes in this article: BRCM , ELX  

COSTA MESA, Calif. (AP) — Emulex Corp., which makes data storage equipment, said Monday it has filed a lawsuit against chip designer Broadcom Corp., alleging violations of federal antitrust laws.

Emulex's suit alleges that Broadcom, based in Irvine, Calif., acted in an uncompetitive manner, made defamatory statements and engaged in acts of unfair competition in violation of seven separate statutes.

The case was filed in federal court in Santa Ana, Calif. The complaint is seeking damages, attorneys' fees and other costs.

In September, Broadcom filed a lawsuit against Emulex for allegedly infringing on 10 patents, which cover a range of high-speed data and storage networking technologies. Both companies make equipment for corporate networks.

On Monday, Emulex said it filed its answer to Broadcom's complaint last week, alleging that it believes Broadcom patents are invalid or not infringed.

Broadcom said in a statement Monday that it was evaluating Emulex's claims.

Shares of Emulex added 2 cents to $10.02 in late afternoon trading, while shares of Broadcom added $1.41, or 5.3 percent, to $28.29.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,318.16 1,091.38 2,146.04 33.56
Oil *
77.53
DOWN
14.28
DOWN
3.52
DOWN
10.78
UP
0.07
10 Yr
3.36%
SPDR Gold
112.94
-0.14%
-0.32%
-0.50%
+0.21%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services