TOYO Co., Ltd. Sued for Patent Infringement
Ticker: TOYWF · Form: 6-K · Filed: Dec 20, 2024 · CIK: 1985273
Sentiment: neutral
Topics: litigation, patent-infringement, subsidiary
Related Tickers: ABLC
TL;DR
TOYO Co., Ltd. is being sued for patent infringement by Abalance Corp.
AI Summary
On December 19, 2024, Abalance Corporation announced it has filed a patent infringement lawsuit against its seven subsidiaries, including TOYO Co., Ltd. The lawsuit was filed in the U.S. District Court for the Northern District of California.
Why It Matters
This lawsuit could impact TOYO Co., Ltd.'s operations and financial performance if found liable for patent infringement.
Risk Assessment
Risk Level: medium — Patent infringement lawsuits can lead to significant financial penalties and operational disruptions.
Key Players & Entities
- Abalance Corporation (company) — Plaintiff in lawsuit
- TOYO Co., Ltd (company) — Defendant in lawsuit
- U.S. District Court for the Northern District of California (company) — Court where lawsuit was filed
- December 19, 2024 (date) — Date of lawsuit filing notice
FAQ
What is the specific patent that TOYO Co., Ltd. is accused of infringing?
The filing does not specify the exact patent in question, only that it is related to patent infringement litigation.
What is the relationship between Abalance Corporation and TOYO Co., Ltd.?
TOYO Co., Ltd. is listed as one of the seven subsidiaries of Abalance Corporation, which is a Japanese public company.
What is the potential financial impact of this lawsuit on TOYO Co., Ltd.?
The filing does not provide specific financial estimates for the potential impact of the lawsuit.
Has TOYO Co., Ltd. responded to the lawsuit filing?
The filing does not contain any statement or response from TOYO Co., Ltd. regarding the lawsuit.
Where was the lawsuit filed?
The lawsuit was filed at the U.S. District Court for the Northern District of California.
Filing Stats: 215 words · 1 min read · ~1 pages · Grade level 11.5 · Accepted 2024-12-20 16:00:06
Filing Documents
- ea0225510-6k_toyo.htm (6-K) — 12KB
- ea022551001ex99-1_toyo.htm (EX-99.1) — 9KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-111157.txt ( ) — 25KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-42153 TOYO Co., Ltd 5F, Tennoz First Tower 2-2-4, Higashi-Shinagawa, Shinagawa-ku Tokyo, Japan 140-0002 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Explanatory Notes On December 19, 2024, Abalance Corporation (“Abalance”), a Japanese public company listed on Tokyo Stock Exchange, issued a notice regarding the filing of a lawsuit against the Abalance and its seven subsidiaries including TOYO Co., Ltd in connection with a patent infringement litigation brough at the U.S. District Court for the Northern District of California. 1 EXHIBIT INDEX Exhibit No. Description 99.1 English translation of the Notice issued by Abalance Corporation dated December 19, 2024. 2 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TOYO Co., Ltd By: /s/ Junsei Ryu Name: Junsei Ryu Title: Director and Chief Executive Officer Date: December 20, 2024 3