Item 7.01Regulation FD Disclosure.

On March 17, 2020, NCS Multistage Holdings, Inc. (the "Company") issued a press release announcing that the United States District Court for the Western District of Texas, Waco Division (the "District Court"), awarded a decision in favor of Repeat Precision, LLC, a 50 percent owned subsidiary of the Company ("Repeat Precision"), in connection with the Company's previously disclosed litigation with Diamondback Industries, Inc ("Diamondback"). A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The information contained in this Item 7.01 and the accompanying exhibit is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this Item 7.01 and the accompanying exhibit shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.




Item 8.01Other Events.

On March 17, 2020, the District Court awarded Repeat Precision an approximately $34.4 million decision plus attorneys' fees in connection with its breach of exclusive license, patent infringement and tortious interference claims. In its ruling, the District Court validated the terms of Repeat Precision's exclusive license agreement with respect to the setting tool technology practicing U.S. Patent No. 9,810,035 and enjoined Diamondback from selling its infringing SS line of setting tools.

Item 9.01Financial Statements and Exhibits.






  (d)        Exhibits.

  Exhibit
  Number     Description of the Exhibit
    99.1       Press Release dated March 17, 2020.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses