Summary
Arista Networks, Inc. (ANET) filed an 8-K on March 27, 2018, to report on an International Trade Commission (ITC) proceeding initiated by Cisco Systems, Inc. The filing details a Recommended Determination (RD) issued by an Administrative Law Judge (ALJ) on March 23, 2018. The ALJ found that Arista's redesigned products do not infringe one of Cisco's patents (US Patent No. 6,377,577) but do infringe another (US Patent No. 7,224,668, the '668 patent). Crucially, the '668 patent has been previously determined to be unpatentable by both the Patent Trial and Appeal Board and the Federal Circuit. Furthermore, the ALJ recommended suspending remedies related to the '668 patent pending the outcome of Cisco's appeals. Investors should note that Arista continues to provide updates on this ongoing litigation through its Investor Relations website and SEC filings, emphasizing transparency regarding potential risks.
Key Highlights
- 1ALJ issued a Recommended Determination (RD) on March 23, 2018, in the ITC 945 modification proceeding initiated by Cisco.
- 2Arista's redesigned products were found NOT to infringe US Patent No. 6,377,577.
- 3Arista's redesigned products were found to infringe US Patent No. 7,224,668 (the '668 patent).
- 4The '668 patent has previously been deemed unpatentable by the Patent Trial and Appeal Board and the Federal Circuit.
- 5ALJ recommended suspending remedies concerning the '668 patent pending Cisco's appeals.
- 6Arista maintains ongoing disclosure of litigation details on its Investor Relations website and SEC filings.