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TOYO Co., Ltd Reports Legal Challenge in SEC Form 6-K: Patent Infringement Lawsuit Update

$TOYO
Form 6-K
Filed on: 2024-12-20
Source
TOYO Co., Ltd Reports Legal Challenge in SEC Form 6-K: Patent Infringement Lawsuit Update

Here are the key insights extracted from the provided financial report section:

  1. Filing Type and Purpose:
  • The document is a Form 6-K, which is a report filed by a foreign private issuer with the SEC.
  • The filing is made pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
  1. Company Information:
  • The report is submitted by TOYO Co., Ltd, a Japanese company with its principal executive office located at:
    • 5F, Tennoz First Tower
    • 2-2-4, Higashi-Shinagawa, Shinagawa-ku, Tokyo, Japan 140-0002.
  • The commission file number for TOYO Co., Ltd is 001-42153.
  1. Date of Filing:
  • The report is dated for the month of December 2024.
  1. Legal Notice:
  • On December 19, 2024, Abalance Corporation, a public company listed on the Tokyo Stock Exchange, issued a notice about a lawsuit involving itself and its seven subsidiaries, including TOYO Co., Ltd.
  • The litigation is related to patent infringement and is filed in the U.S. District Court for the Northern District of California.
  1. Exhibits:
  • The report references an exhibit (Exhibit No. 99.1) that contains the English translation of the notice issued by Abalance Corporation regarding the lawsuit.
  1. Signature:
  • The report is signed by Junsei Ryu, who holds the position of Director and Chief Executive Officer of TOYO Co., Ltd. The signing date is noted as December 20, 2024.

Summary:

TOYO Co., Ltd has filed a Form 6-K to report a significant legal matter concerning a patent infringement lawsuit initiated against Abalance Corporation and its subsidiaries, including TOYO, in a U.S. court. The document provides essential details about the company and the nature of the litigation, indicating potential implications for TOYO’s operations and financial standing.