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Amazon.com, IBM Settle Patent Lawsuits
Venture Business News |
2007/05/08 06:46
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Online retailer Amazon.com and technology heavyweight IBM announced Tuesday that they have settled the patent lawsuits existing between them.
According to the terms of their settlement, Amazon will pay an undisclosed amount of money to IBM. The companies also signed a long-term patent cross-license agreement, a deal that seems to have left both pleased. Scott Hayden, Amazon's vice president of intellectual property, called IBM's patent portfolio the industry’s "largest and strongest."
Dan Cerutti, IBM’s general manager of software intellectual property, said his firm was happy the situation had been resolved through negotiation and looked forward "to a more productive relationship" with the Seattle-based Amazon. IBM filed the patent lawsuits against Amazon in October of last year, over a number of patents covering interactive services, order of items using an electronic catalog, and ranking of hyperlinks. IBM is the largest holder of patents in the U.S. and worldwide. |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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