Wavelinq, Inc. v. JDS Lightwave Products Group, Inc.

PER CURIAM: *

Wavelinq, Inc. and Jim Seago (collectively Wavelinq) sued JDS Lightwave Products Group, Inc. and JDS Uniphase, Inc. f/k/a JDS Fitel, Inc. (collectively JDS) for royalties it alleged were owed under an asset purchase agreement. A jury returned a verdict in favor of Wavelinq, and all parties have appealed. The district court erred in applying the Texas prejudgment interest rate, and we accordingly reverse and remand to the district court for further proceedings. In all other respects, we affirm the judgment of the district court.

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Wavelinq, Inc. and its sole shareholder, Jim Seago,…