The company posted a net loss of $ 185 million , or 54 cents per share , in the year-earlier period , it said in a statement Wednesday .
In the second quarter last year , the company experienced a net loss of $ 185 million , or 54 cents a share , on sales of $ 600 million .
" This case is wholly without merit , both factually and legally , " Judge Denny Chin scoffed .