(Total Views: 521)
Posted On: 11/01/2019 4:07:45 AM
Post# of 82676
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
Best,
R2R
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
(7)
(0)
$SFOR/SFT and BSAFE/BST STRONG!!!!
Parent: https://www.strikeforcetech.com
Subsidiary: https://www.blocksafetech.com
Parent: https://www.strikeforcetech.com
Subsidiary: https://www.blocksafetech.com
Scroll down for more posts ▼