Engine Media Shares Up 8%

Shares of Engine Media Holdings Inc. (GAME) are rising over 8% Thursday morning, after the company announced that its Winview Inc. subsidiary has commenced an action in the United States District Court for the District of New Jersey against DraftKings Inc. (DKNG), alleging infringement of patents owned by Winview.

The lawsuit alleges that various gaming services provided by DraftKings infringe Winview's United States Patent No. 9,878,243 entitled "Methodology for Equalizing Systemic Latencies in Television Reception in Connection with Games of Skill Played in Connection with Live Television Programming" and United States Patent No. 10,721,543 entitled "Method Of and System For Managing Client Resources and Assets for Activities On Computing Devices." The action seeks the recovery of damages and other appropriate relief.

GAME is currently trading at $12.05, up 95 cents or 8.56%, with trading volume surging over 1.33 million versus an average volume of 154K shares. The stock has been trading in the range of $5.18 - $13.40 for the past one year.

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