InterDigital Closed At Over 11-Month Low Monday

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InterDigital Closed At Over 11-Month Low Monday

10/20/2009 8:50 AM ET

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(RTTNews) - The U.S. International Trade Commission issued a notice on Friday, October 16, 2009 that it reviewed in part the Initial Determination by the Chief Administrative Law Judge in the investigation initiated by InterDigital Inc. (IDCC: News ) against Nokia, and found no violation of Section 337 and has terminated the investigation.

InterDigital Inc. gapped open sharply lower Monday and declined during the first half hour of trade. Shares finished down by $4.50 at $19.94 on the highest volume of the year. The stock dropped below a 2-month range and closed at over an 11-month low.

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