Internet Patents Corporation Issues Comment Regarding U.S. District Court Ruling
(Marketwire Via Acquire Media NewsEdge) SACRAMENTO, CA -- (Marketwired) -- 10/07/13 --
Internet Patents Corporation (NASDAQ: PTNT) ("IPC"), the owner of U.S. Patent No. 7,707,505 ("the '505 patent"), and other patents, today commented on the dismissal of its patent infringement lawsuit against The General Insurance Services, Inc. ("The General") by the U.S. District Court for the Northern District of California on September 24, 2013.
The District Court dismissed the case before The General answered the complaint, and before any discovery or claim construction of the '505 patent could occur. The basis of the decision was that U.S. Patent No. 7,707,505 ("Dynamic Tabs for a Graphical User Interface") was invalid for lack of patent-eligible subject matter. IPC therefore expects the court to also dismiss its lawsuits against Tree.com, Quinstreet and Active Networks because they similarly allege infringement of the '505 patent.
"We are very disappointed in the court's ruling. In our view, the District Court did not properly apply the law on patent eligibility, and misconstrued the substance of the technology claimed in the '505 patent. We intend to file an appeal with the U.S. Court of Appeals for the Federal Circuit. The appeal process is expected to take more than one year, during which we do not plan to file additional lawsuits," said Hussein Enan, Chairman and CEO of Internet Patents Corporation.
About Internet Patents CorporationHeadquartered in Sacramento, CA, Internet Patents Corporation (NASDAQ: PTNT) operates a patent licensing business focused on its e-commerce technologies. www.internetpatentscorporation.net
This news release contains forward-looking statements, which include statements expressing the intent, belief or current expectations of Internet Patents Corporation that are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal," and similar expressions are intended to identify forward-looking statements. Actual results might differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with Internet Patent Corporation's business, which include, but are not limited to: the unpredictable nature of patent licensing and patent litigation; potential changes in the laws and regulations relating to patents and patent litigation; the risk that our patent portfolio has never generated revenues or been subject to final adjudication of validity; future changes we may make in our patent licensing strategy; and changes in the taxation of income due to the disallowance or expiration of the Company's net operating losses. Unless legally required, Internet Patents Corporation undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements should be considered in the context of these and other risk factors disclosed in the Company's filings with the Securities and Exchange Commission.
Investor Relations Contact:
The Blueshirt Group
Source: Internet Patents Corporation
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