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Zerify Inc ZRFY
(Total Views: 538)
Posted On: 11/01/2019 4:07:45 AM
Post# of 82686
Avatar
Posted By: RDY2ROCK
Re: Chiro2019 #60622
We know there was definitely a deal here with MSFT/PF while dismissing action with prejudice!

https://www.sec.gov/Archives/edgar/data/12855...for_8k.htm

Quote:
On March 28, 2013, the Company initiated patent litigation against PhoneFactor, Inc., a subsidiary of Microsoft Corporation, for alleged infringement of United States Patent No. 7,870,599 (the "'599 Patent" . The Company filed a separate action against Microsoft Corporation based on its alleged infringement of the '599 Patent and two additional patents for out-of-band user authentication (U.S. Patent Nos.: 8,484,698 & 8,713,701). Both actions were filed in the U.S. District Court for the District of Delaware. On January 15, 2016, the litigation was settled and the parties executed a settlement agreement in the form of a Release and License Agreement. The terms and conditions of the Release and License Agreement are confidential except under limited conditions. As a consequence of the Release and License Agreement, the parties have moved to dismiss the action with prejudice , the Company has licensed the patents to Microsoft Corporation, and the Company will receive a non-disclosable one-time lump sum payment .



Best,
R2R













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$SFOR/SFT and BSAFE/BST STRONG!!!!

Parent: https://www.strikeforcetech.com

Subsidiary: https://www.blocksafetech.com



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