Patrick Connors's questions to Vicor Corp (VICR) leadership • Q4 2024
Question
Patrick Connors from Ajax Capital requested an explanation of the mechanics of the bond required to be posted by defendants in the ITC case, including its size, purpose, and who is responsible for it.
Answer
CEO Patrizio Vinciarelli detailed that during the 60-day presidential review period, respondents can import infringing products by posting a bond, which was set at 100% of the value of the computing system. He confirmed this bond is non-recoverable by the poster and would be forfeited, with Vicor as the complainant being eligible to recover the funds.