Amazon.com Settles Patent Lawsuit for $40M
An AP newswire article, via Yahoo! News, reports that:
Amazon.com Inc. Thursday said it paid $40 million to Soverain Software LLC to settle a patent-infringement lawsuit.
Soverain, a small Chicago-based company, had alleged that Amazon's Web site infringed several Soverain patents on network sales systems and Internet server access control and monitoring systems.
Seattle-based Amazon said in a document filed with the Securities and Exchange Commission that it expects to record a previously unanticipated charge of up to $40 million in third quarter.
The suit was originally filed in January 2004 in the U.S. District Court for the Eastern District of Texas.
An amended lawsuit filed in October 2004 by Soverain alleged that Amazon.com infringed on two additional patents.
posted by Fergie @ 8/11/2005 09:19:00 AM
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