Court Issues Ruling on Summary Judgment In Network-1’s Facebook Litigation
Network-1 Technologies, Inc. (NTIP)
NASDAQ:AMEX Investor Relations:
ir.network-1.com
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Source: Accesswire
NEW CANAAN, CT / ACCESSWIRE / March 7, 2022 / Network-1 announced today that the U.S. District Court for the Southern District of New York entered a ruling granting in part and denying in part a motion for summary judgment by Facebook in the litigation asserted by Network-1's subsidiary Mirror Worlds Technologies, LLC. involving certain patents within Network-1's Mirror Worlds patent portfolio. In its ruling, the Court denied Facebook's motion that the asserted patents were invalid by concluding that all the asserted claims were patent eligible under 101 of the Patent Act. The Court also granted summary judgment of non-infringement in favor of Facebook and directed the dismissal of the case.Network-1 strongly disagrees with the Court's decision on non-infringement and is evaluating its alternatives, including an appeal to the United States District Court of Appeals for the Federal Circuit.This is the second time in this litigation that the Southern District of New York has granted sum
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- 3/8/24 - Form 10-K
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