Alpha Modus (AMOD) said Monday that its subsidiary Alpha Modus Corp. has reached a confidential settlement with Kroger (KR) in a patent litigation lawsuit.
The lawsuit, originally filed in US federal court, alleges that Kroger infringed on Alpha Modus's patents for intelligent retail display systems, the company said.
As a result of the settlement, the litigation between Alpha Modus and Kroger has been dismissed with prejudice, the company said.
Shares of Alpha Modus were down more than 4% while Kroger shares were up 0.2% in recent premarket activity.
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