Digital Ally, Inc. DGLY 0.88% shares are up 8.8 percent and TASER International, Inc. TASR 0.39% shares are also up 4.8 percent following a court ruling allowing Digital Ally to begin the discovery process in a patent infringement lawsuit against Taser.

Clearly, the market sees the news as a positive for Digital Ally, but Taser doesn’t seem to be sweating the allegations. The company quickly posted a statement on the ruling.

In the statement, Taser called the lawsuit “frivolous and egregious.”

“TASER values patent rights, including those of our competitors, and as such, we use a best practice intellectual property (IP) clearance process before starting any technology project,” Taser general counsel Doug Klint said in the statement.

Klint also noted that Taser has won each one of its previous patent lawsuits.

The Digital Ally lawsuit concerns Digital Ally’s U.S. Patent No. 8,781,292.

In other news this week, Taser welcomed one competitor that is copying Taser’s ideas. Back on October 3, Taser announced…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!