A federal appeals court has sided with TiVo in the second phase of its long-running patent lawsuit against Dish Network.
TiVo Inc. says the decision Thursday paves the way for the digital video recorder pioneer to collect about $300 million from Dish Network Corp. in damages and contempt sanctions it had been awarded. TiVo has also sued AT&T and Verizon for allegedly infringing on certain DVR patents.
Shares of TiVo rose by $4.81, or more than 47 percent, to $15.02 in midday trading Thursday. Dish Network Corp. lost $1.23, or 5.7 percent, to $20.48.
Dish says it will seek a review of the three-judge panel's decision by the full U.S. Court of Appeals for the Federal Circuit.