VeriFone shares fall after losing patent case

A jury found Cardsoft Technologies Inc’s patents were infringed by VeriFone and Hypercom devices, VeriFone disclosed in a filing with the U.S. Securities and Exchange Commission on Monday.

Shares of VeriFone Systems Inc (PAY.N) fell nearly 9 percent after the maker of credit card swipe machines disclosed that a U.S. district court ruled against the company in the patent infringement lawsuit.

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