Business
Nearmap forced to explain disclosure of US legal battle – Sydney Morning Herald
Aerial mapping provider Nearmap has been forced by the ASX to explain its disclosure of a legal battle with US rival Eagleview that sent its share price sharply…
Aerial mapping provider Nearmap has been forced by the ASX to explain its disclosure of a legal battle with US rival Eagleview that sent its share price sharply lower this month.
Nearmap shares crashed more than 23 per cent to a low of $1.79 earlier this month on the news that Eagleview, which dominates the US market for aerial mapping, had started legal action alleging it infringed its patents relating to aerial roof reports – a lucrative market in the US.
Nearmap boss Dr Rob Newman believes the…
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