Internet Patents Corporation Issues Comment Regarding U.S. District Court Ruling
October 07 2013 - 3:15PM
Marketwired
Internet Patents Corporation Issues Comment Regarding U.S. District
Court Ruling
SACRAMENTO, CA--(Marketwired - Oct 7, 2013) - 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 Corporation Headquartered in Sacramento,
CA, Internet Patents Corporation (NASDAQ: PTNT) operates a patent
licensing business focused on its e-commerce technologies.
www.internetpatentscorporation.net
Forward-Looking
Statements
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: Jennifer Jarman The Blueshirt Group
415-217-5866 Email Contact
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