Time to Short FireEye, they lost their patents,
Post# of 579
Posted On: 07/13/2015 7:02:28 PM
Time to Short FireEye, they lost their patents,
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Finjan Succeeds in Invalidating Majority of Claims of Two FireEye Cybersecurity Patents
Ticker Symbol: U:FEYE U:FNJN
EAST PALO ALTO, CA -- (Marketwired) -- 07/13/15
Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, announced that the Patent Trial and Appeals Board (PTAB) at the US Patent and Trademark Office (USPTO) granted Finjan's petitions for Inter Partes Review (IPR) of two FireEye (NASDAQ: FEYE) patents and subsequently determined that a majority of claims in US Patent Nos. 8,171,533 and 8,291,499, are invalid. Notification of the final decision on both IPR's was received July 10, 2015.
"Finjan challenged the validity of FireEye's '533 and '499 patents because we believed FireEye was not the first to invent the claimed technologies," stated Phil Hartstein, President and CEO of Finjan Holdings, Inc. "The PTAB's determinations confirmed this belief."
Final Decisions:
Case number PTAB-IPR2014-00344, filed January 14, 2014. With respect to FireEye's U.S. Patent No. 8,291,499 (Aziz, Final decision in Docket 39 dated July 10, 2015), Claims 1-4, 6-8, 19, 20, 22-25, 27-29, representing 16 of 30 claims in the patent, were cancelled.
Case number PTAB-IPR2014-00492, filed March 7, 2014. With respect to FireEye's Patent No. 8,171,553 (Aziz, Final decision in Docket 29 dated July 10, 2015), Claims 1, 3-7, 12-14, 16, 18, 20, 22-30, representing 20 of 30 claims in the patent, were cancelled.
Finjan has filed patent infringement lawsuits against FireEye, Blue Coat, Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.
ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed its intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.
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Finjan Succeeds in Invalidating Majority of Claims of Two FireEye Cybersecurity Patents
Ticker Symbol: U:FEYE U:FNJN
EAST PALO ALTO, CA -- (Marketwired) -- 07/13/15
Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, announced that the Patent Trial and Appeals Board (PTAB) at the US Patent and Trademark Office (USPTO) granted Finjan's petitions for Inter Partes Review (IPR) of two FireEye (NASDAQ: FEYE) patents and subsequently determined that a majority of claims in US Patent Nos. 8,171,533 and 8,291,499, are invalid. Notification of the final decision on both IPR's was received July 10, 2015.
"Finjan challenged the validity of FireEye's '533 and '499 patents because we believed FireEye was not the first to invent the claimed technologies," stated Phil Hartstein, President and CEO of Finjan Holdings, Inc. "The PTAB's determinations confirmed this belief."
Final Decisions:
Case number PTAB-IPR2014-00344, filed January 14, 2014. With respect to FireEye's U.S. Patent No. 8,291,499 (Aziz, Final decision in Docket 39 dated July 10, 2015), Claims 1-4, 6-8, 19, 20, 22-25, 27-29, representing 16 of 30 claims in the patent, were cancelled.
Case number PTAB-IPR2014-00492, filed March 7, 2014. With respect to FireEye's Patent No. 8,171,553 (Aziz, Final decision in Docket 29 dated July 10, 2015), Claims 1, 3-7, 12-14, 16, 18, 20, 22-30, representing 20 of 30 claims in the patent, were cancelled.
Finjan has filed patent infringement lawsuits against FireEye, Blue Coat, Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.
ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed its intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.
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