Pricegrabber.com Pays Royalty for Past and Future Use of Data Distribution Technologies’ Patent
Suffern, N.Y. – May 31, 2012 − General Patent Corporation (GPC), a leading patent licensing and enforcement company, announced today on behalf of its subsidiary, Data Distribution Technologies LLC (DDT), that it settled a patent infringement lawsuit with Pricegrabber.com, Inc. of Los Angeles, Calif. Under the settlement agreement, Pricegrabber.com paid DDT’s standard 1% royalty on its past and future sales.
This settlement resolves a lawsuit, Data Distribution Technologies LLC v. Pricegrabber.com, Inc. (Case No. 11 civ. 09650), filed in U.S. District Court for the Southern District of New York in December 2011. The patent-at-suit is U.S. Patent No. 6,529,908 titled “Web-Updated Database with Record Distribution by Email.”
“We are pleased to settle our infringement claim with Pricegrabber.com,” said Anthony Amaral, Chief IP Counsel at General Patent Corporation. “This settlement resolves the third of three lawsuits we filed to date for infringement of this patent.”
About Data Distribution Technologies LLC
Data Distribution Technologies LLC is the owner of U.S. Patent No. 6,529,908 titled “Web-Updated Database with Record Distribution by Email.”
DDT is a client and subsidiary of – and is managed by – General Patent Corporation. A non-exclusive license under this patent is available on fair, reasonable and non-discriminatory terms. For licensing terms, please contact GPC’s Director of Licensing, Kathlene Ingham, at (845) 368-4000 x107. For more information, please visit www.datadistributiontech.com.