Defunct Kenyon & Kenyon loses $9 million battle with former IP client [Reuters]
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Source: Reuters
The 31-page ruling here from New York County Supreme Justice Andrea Masley harkens back to an era when now-defunct Kenyon & Kenyon was still a functioning intellectual property firm, and plucking music and film from the internet was still a novelty. The dispute between Kenyon, its former client SightSound Technologies and the General Electric Co dates back to 1999, when Kenyon began representing SightSound in IP litigation. SightSound racked up $1.77 million in unpaid attorney fees, leading the company to strike a deal with Kenyon, according to Masley's opinion Monday. Under their agreement, Kenyon retained a security interest in SightSound's IP, requiring the firm's sign-off to transfer the patents. In 2004, SightSound sued Napster for patent infringement, but the lawsuit was stalled for years at the U.S. Patent and Trademark Office. SightSound was running out of money to continue the Napster fight, the decision said. As a result, it struck a deal with GE in 2005 with Kenyon's
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