BUZZ-London-listed XP Power rises after U.S. appeals court overturns $40 mln Comet verdict, orders new trial

Ultra FTSE China 25 Proshares

Ultra FTSE China 25 Proshares

XPP

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** 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%


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