Abalance Corporation told shareholders on July 10 that a patent infringement case brought by Shanghai Jinko Green Energy Enterprise Management and Zhejiang Jinko Solar against eight of its subsidiaries, including TOYO Co., Ltd., was settled and dismissed months earlier. Under a settlement and waiver agreement signed December 30, 2025, the California suit was dropped on January 30, 2026, and the Texas suit followed on February 20. Abalance now considers the matter closed.
| Date | Event |
|---|---|
| December 19, 2024 | Original lawsuit against Abalance and seven subsidiaries first disclosed |
| December 30, 2025 | Settlement and waiver agreement signed with Jinko |
| January 30, 2026 | California lawsuit dismissed |
| February 20, 2026 | Texas lawsuit dismissed |
| July 10, 2026 | Settlement publicly disclosed |
The gap between resolution and disclosure is the story. Abalance says the delay traces to "frequent changes in management structure" from late December 2025 onward, which meant information about the settlement wasn't shared in a timely way between the parent company and its subsidiaries. The company adds that it recognizes the need to improve on that front going forward, a rare direct admission of an internal control lapse in a routine TDnet filing.
What readers still don't get: the settlement's actual terms. Abalance says confidentiality obligations to Jinko prevent disclosure of what was paid or conceded, and it separately states the deal's effect on consolidated earnings is expected to be minor. Both claims come only from the company itself; there is no independent confirmation in the filing bundle. For a Tokyo Stock Exchange Standard-listed solar group already managing supply-chain and trade exposure, a five-to-seven-month lag in reporting a resolved US patent dispute, explained away by boardroom churn, is the more useful data point than the modest earnings line it produced.