(CN) – The Federal Circuit on Friday vacated a major victory for TiVo in a patent dispute over Dish Network’s DVR technology, ruling that the case warranted reconsideration by a full panel of judges.
In a four-page order, the federal appeals court in Washington, D.C., vacated its March ruling that Dish Network’s sister firm, EchoStar, infringed on TiVo’s patented digital video recording (DVR) technology.
The three-judge panel had ruled that EchoStar’s receivers “continue to infringe” on TiVo’s patents, clearing the path for TiVo to claim more than $200 million in damages and sanctions.
News of the court’s decision to reconsider the significant win for TiVo caused the company’s shares to plummet by more than 41 percent Friday, according to MarketWatch.
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