Nokia (NYSE:NOK) is one of the best multibagger stocks to buy in 2026.
On May 12, Nokia won a UK Court of Appeal ruling that permanently blocks London lawsuits brought by Acer and Asus, canceling an upcoming trial over video coding patents
The decision overturns a previous High Court ruling that had favored the Taiwanese tech companies. The appellate court halted the cases because Nokia offered to determine fair, reasonable, and non-discriminatory/FRAND licensing terms through arbitration. Another plaintiff, China-based Hisense, settled its related case prior to this appeal hearing.
The ruling impacts a broader global patent dispute. Before Acer and Asus launched the London lawsuits in June 2025, Nokia (NYSE:NOK) had already initiated its own patent litigation across the United States, Germany, India, and Brazil. Nokia (NYSE:NOK) currently operates in network infrastructure, technology, and software fields.