The U.S. Supreme Court today handed down a unanimous decision tightening rules for where patent lawsuits can be filed, Reuters reports.
The justices sided 8-0 with TC Heartland, a beverage flavoring firm, in its dispute with Kraft Heinz (HNZ) , ruling that patent infringement suits can be filed only in courts located in the jurisdiction where the targeted company is incorporated.
The decision voided a ruling last year by the U.S. Court of Appeals for the Federal Circuit, a Washington-based patent court, that said patent suits are allowed anywhere a defendant company's products are sold.
(Apple, and Alphabet are held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trial here.)
Read More Trending Articles:
- Analyst Says New Ford CEO Is 'Clueless' and Company 'Toast' Trying to Catch Tesla
- Take Your First Ever Look at Apple's New Self-Driving Car, Which Was Just Spotted on a Highway
- Cisco Could Be Looking to Acquisitions to Help Solve Its Biggest Challenge
- We Quickly Learned Why Ford's New Truck Named After a Killer Dinosaur Is a Beast
- Getting an Inheritance? Don't Make These Mistakes