Mar 17, 2020 / 12:00AM GMT
Operator
Thank you for standing by, and welcome to the Cochlear Limited Announcement. (Operator Instructions)
I would now like to hand the conference over to Mr. Dig Howitt, CEO and President of Cochlear. Please go ahead.
Diggory William Howitt - Cochlear Limited - CEO, MD, President & Executive Director
Thank you all -- thank you, everyone, for joining the call. I, certainly, didn't expect to be back on a call with you again today after yesterday. But we have had this appeal decision overnight. And I want to just run through that briefly and then open up for questions. So the Court of Appeals have affirmed the district court award so -- for the USD 268 million.
We -- there is another step that we will take, which is an en banc review of the petition for rehearing. We anticipate that, that will take a few months. We had, as we have previously said, had bank loan facilities in place for this judgment. So we will now call on those facilities. There is still a decision pending on prejudgment interest and costs from this case and that is back in the
Cochlear Ltd Adverse Appeal Decision in the US Patent Infringement Case Conference Call Transcript
Feb 13, 2024
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