Posts Tagged: "patent settlement"

MONKEYmedia patent suit against movie studio defendants continues after settlements with Apple, Sony

The suit filed by MONKEYmedia identified Apple software products as allegedly infringing upon the patents-in-suit… Six years of litigation later and on September 6th, 2016, an order of dismissal was filed in W.D. Tex. indicating that both parties had settled their respective claims for relief filed in the case. A joint stipulation of dismissal filed on September 2nd stated that both parties had stipulated to the dismissal of all claims and counter-claims asserted against each other. This comes about a year after MONKEYmedia had settled similar patent infringement claims against Sony Corporation (NYSE:SNE), developer of the Blu-ray digital content standard which takes advantage of seamless expansion technologies covered by MONKEYmedia’s patents. “We’re pleased that the litigation has been resolved with each of Apple and Sony,” said Eric Gould Bear, co-founder of MONKEYmedia and a renowned designer of user interface and interaction technologies. “They each make great products, and I believe synergistic relationships are better business than sitting on opposite sides of the court.”

FTC Report on Drug Patent Settlements Shows Substantial Decrease in Pay-for-Delay Deals

The number of these potentially anticompetitive deals has fallen significantly following the Supreme Court’s landmark antitrust decision in FTC v. Actavis in 2013. The total number of such deals filed with the FTC has dropped to 21 in FY 2014 from 29 in FY 2013, and 40 in FY 2012 prior to the Actavis ruling. The FTC staff report for FY 2014 represents the first annual snapshot of such deals following the Actavis decision.

General Patent Settles Patent Litigation with Realtors

General Patent Corporation (GPC), a patent licensing and enforcement firm, announced on July 11, 2013 that its subsidiary, Data Distribution Technologies LLC (DDT) settled a patent infringement lawsuit against RE/MAX LLC. This settlement resolves Data Distribution Technologies LLC v. RE/MAX LLC (Case No. 2:12-cv-04877), which was filed on August 3, 2012, in U.S. District Court for the District of New Jersey. Similarly, GPC announced on July 3, 2013, that it resolved a similar lawsuit against Weichert Lead Network, resolving Data Distribution Technologies LLC v. Weichert Lead Network, Inc. (2:12-cv-04149), which was filed on July 6, 2012, also in U.S. District Court for the District of New Jersey.

Largest Patent Settlement Scores $2.15 Billion for Pfizer, Takeda

The settlement comes after a nearly 10-year legal battle in which Pfizer and Nycomed (now part of Takeda) sought to enforce the patent for its blockbuster acid reflux medicine. Pfizer subsidiary Wyeth and Takeda will divide the proceeds of the settlement with Pfizer receiving $1.376 billion and Takeda receiving $774 million. Collectively, this $2.15 billion patent infringement settlement is the largest patent settlement in history, dwarfing the $1.7 settlement achieved by Johnson & Johnson in 2010 and the $1.35 billion settlement achieved by hall-of-fame inventor Dr. Gary Michelson against Medtronic in 2005.

Patent Business: Deals, Settlements, Licenses for February 2013

The month of February was quite busy, many companies in litigations, one of the biggest stories to hit this month was the Trademark infringement case between Costco and TIffany,co. Here are some of the highlights of this month.