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MPWR > SEC Filings for MPWR > Form 8-K on 5-Nov-2013All Recent SEC Filings




Other Events

Item 8.01 Other Events.

In May 2012, the United States District Court for the Northern District of California (the "District Court") issued an order finding O2 Micro International, Ltd. ("O2 Micro") liable for approximately $9.1 million in attorneys' fees and non-taxable costs, plus interest, in connection with the patent litigation that Monolithic Power Systems, Inc. (the "Company") won in 2010. This award was in addition to the approximately $0.3 million in taxable costs that the District Court had earlier ordered O2 Micro to pay to the Company in connection with the same lawsuit. In October 2012, O2 Micro appealed the District Court's judgment to the United States Court of Appeals for the Federal Circuit (the "Federal Circuit"). In August 2013, the Federal Circuit affirmed O2 Micro's liability for the full amount of the award. In September 2013, O2 Micro filed a petition for rehearing of that ruling, but the Federal Circuit denied O2 Micro's petition for rehearing on October 16, 2013.

On November 4, 2013, the Company received a cash payment of approximately $9.5 million from O2 Micro in connection with the patent litigation.

O2 Micro has not indicated whether it will seek review by the United States Supreme Court. In the event O2 Micro takes such action and is successful in obtaining a favorable ruling against the Company, the Company may be liable to return a portion or all of the $9.5 million to O2 Micro.

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