I haven't studied the issue of exactly what is and is not a "material event" for quite a few years. In my previous post, I was talking about the Markman result. But I would think that a fairly "routine" settlement would just be part of PTSC's expected operating income--like Walmart having a good quarter. That sort of thing will indeed be reported in quarterly SEC financial filings, but not because it is a singular "material event".

Now, if someone dropped $50M on us, that might be a different story.

Hope this helps. [insert usual disclaimers here - IMO, not legal advice, tax advice, etc.]