NEW YORK (TheStreet) -- Shares of Spherix (SPEX) are up 6.93% to $1.85 on the news its NNPT subsidiary commenced patent litigation against three U.S. based units of Huawei Technologies.
The NNPT complaint alleges that Huawei, a Chinese networking company, infringed on five patents assigned to NNPT, which were developed by Nortel Networks (NRTLQ).
Last month, Spherix commenced patent litigation against Juniper Networks (JNPR), alleging it also infringed on five patents it owns that were developed by Nortel Networks.
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