Microsoft confirmed Thursday it has agreed to settle...
Microsoft confirmed Thursday it has agreed to settle Vringo subsidiary I/P Engine’s patent infringement lawsuit. I/P Engine claimed in the lawsuit that Microsoft had infringed two of its patents on search relevance filtering technology (http://bit.ly/115pR6M). The Vringo subsidiary had successfully…
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asserted its claim on the two patents in a lawsuit against AOL, Google and IAC/InterActiveCorp-owned IAC Search & Media last year (CD Feb 1 p10). Vringo said Thursday that Microsoft has agreed to pay $1 million up front and an additional 5 percent of the amount Google pays to use the I/P Engine patents. That amount is capped at a certain amount, but it will not go into effect “unless the amounts received from Google substantially exceed the judgment previously awarded,” Vringo said in a filing with the SEC. Microsoft will also transfer ownership of six patents to I/P Engine that relate to “telecommunications, data management, and other technology areas,” Vringo said (http://bit.ly/12RWqrm). A Microsoft spokeswoman confirmed the settlement details Vringo outlined in the SEC filing, but said the company had no further comment.