Diablo Wins; Federal Court Completely Dissolves Injunction

SAN JOSE, California – April 27, 2015  – Diablo Technologies today announced that the United States District Court for the Northern District of California ruled to completely dissolve a preliminary injunction enacted in January 2015. The ruling definitively reaffirms Diablo’s right to ship its award-winning Memory Channel Storage™ (MCS™) chipset without restriction. The final step in this legal process will be for the court to rule on awarding Diablo the bond posted by Netlist Inc. (NLST) in January at the time of the preliminary injunction.

Diablo is a company driven by technology and innovation; this ruling again confirms our ability to deliver MCS-based products to the market,” said Riccardo Badalone, CEO and Co-founder of Diablo Technologies. “The courts have decided, and with this behind us, we return our sole focus to the development and delivery of game-changing products to our customers.”

This ruling comes shortly after Diablo won a decisive victory on March 25 2015, where a federal Jury ruled unanimously in favor of Diablo. Since that time, Diablo has won a series of legal battles against Netlist, culminating in this definitive victory of fully dissolving a preliminary injunction that was put in place in January 2015.

Diablo Wins; Federal Court Completely Dissolves Injunction