ROCHESTER, N.Y., Jan. 6, 2015 /PRNewswire/ -- Document Security
Systems, Inc. (NYSE MKT: DSS) (DSS), a leader in
anti-counterfeiting and authentication solutions, has issued this
communication to update the status of certain of its pending
litigation matters.
On January 2, 2015, the United
States District Court for the Northern District of California issued an order granting summary
judgment to defendants LinkedIn, Inc. and Facebook, Inc. in
connection with a lawsuit filed on October
3, 2012 by Plaintiff Bascom Research, LLC (a subsidiary of
DSS). In its decision, the District Court ruled that the four
patents-in-suit are invalid under 35 U.S.C. §101. DSS is currently
evaluating its options with respect to the court's ruling.
On December 31, 2014, in
connection with DSS Technology Management, Inc's (DSSTM) pending
lawsuit against Taiwan Semiconductor Manufacturing Company, Ltd.
(TSMC), the United States Patent and Trademark Office's Patent
Trial and Appeal Board (PTAB) issued a decision to institute an
Inter Partes Review (IPR) of certain claims of U.S. Patent
5,652,084 (the "084 Patent"), which is the patent involved in the
TSMC case. The PTAB denied TSMC's petition with respect to claims
13 and 14 of the 084 Patent, which will survive the IPR process,
and instituted the IPR proceeding with respect to claims 1-12 and
15-16 of the 084 Patent. DSSTM will be permitted to advance
additional arguments and introduce expert testimony in defense of
claims 1-12 and 15-16 of the 084 Patent.
On December 30, 2014, in
connection with DSSTM's pending action against Apple Inc., the PTAB
issued a Notice of Filing date of December
4, 2014 for Apple Inc.'s Petition for Inter Partes
Review of U.S. Patent 6,128,290, which is the patent involved in
the Apple case. DSSTM's Preliminary Response to the petition is due
by March 30, 2015.
About Document Security Systems, Inc.
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and
solutions are used by governments, corporations and financial
institutions to defeat fraud and to protect brands and digital
information from the expanding world-wide counterfeiting problem.
DSS technologies help ensure the authenticity of both digital and
physical financial instruments, identification documents, sensitive
publications, brand packaging and websites.
DSS continually invests in research and development to meet the
ever-changing security needs of its clients and offers licensing of
its patented technologies through its subsidiary, DSS Technology
Management, Inc.
For more information on the AuthentiGuard Suite, please visit
www.authentiguard.com. For more information on DSS and its
subsidiaries, please visit www.DSSsecure.com.
For More Information
Investor Relations
Document Security Systems
(585) 325-3610
Email: ir@documentsecurity.com
Forward-Looking Statements
Forward-looking statements that may be contained in this press
release, including, without limitation, statements related to the
Company's plans, strategies, objectives, expectations, potential
value, intentions and adequacy of resources, are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act and contain words such as "believes," "anticipates,"
"expects," "plans," "intends" and similar words and phrases. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
results projected in any forward-looking statement. In addition to
the factors specifically noted in the forward-looking statements,
other important factors, risks and uncertainties that could result
in those differences include, but are not limited to, the outcomes
of any of the Company's litigation, any impairment, cost or
other event resulting from court decisions regarding the Company's
litigation, , and its ability to raise additional capital, as well
as those risks and uncertainties disclosed in the "Risk Factors"
section of the Company's Annual Report on Form 10-K for the year
ended December 31, 2013, filed with
the Securities and Exchange Commission, and as amended by our
subsequent periodic reports. Forward-looking statements that may be
contained in this press release are being made as of the date of
its release, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements.
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SOURCE Document Security Systems, Inc.