DealsJun 22, 2026, 04:17 PM
Universal Electronics Sells Tariff Claims for $7.6M
AI Summary
Universal Electronics Inc. received approximately $7.6 million from a third-party financial institution for the sale of its claims related to tariffs. These tariffs were previously paid to Customs and Border Protection (CBP) and were ruled unlawful by the U.S. Supreme Court on February 20, 2026. The purchase price reflects a discount and is subject to full or partial refund under certain circumstances where the claims may be impaired.
Key Highlights
- Universal Electronics Inc. received approximately $7.6 million payment.
- The payment is from a third-party financial institution.
- It is for the sale of the company's claims related to unlawful tariffs.
- Tariffs were previously paid to Customs and Border Protection (CBP).
- The U.S. Supreme Court ruled these tariffs unlawful on February 20, 2026.
- The purchase price reflects a discount mutually agreed upon.
- Payment is subject to full or partial refund under certain impairment circumstances.
Price Impact
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