Why Corsair Gaming Shares Jumped 12% on Wednesday

Shares of gaming-oriented computer hardware maker Corsair Gaming (NASDAQ: CRSR) closed Wednesday's trading session 11.9% higher. The stock rose as high as 13.1% earlier in the day, lifted by a legal victory against a giant of the video game industry.

The U.S. District Court for the Western District of Washington state gave Corsair a favorable verdict in a patent-infringement case against game-distribution specialist Valve. A unanimous jury found that Valve willfully infringed on technology patents held by Corsair in the Steam Controller, a short-lived accessory for PC gaming that shifted roughly 1.6 million units. The patent at issue describes a gaming controller with touch-sensitive plates on the back of the device, to be used with the middle or ring fingers of each hand.

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Source Fool.com