Prepaid Patent Battle Ends
Jul 24, 2006, 9:31 AM by (staff)
Prepaid billing specialist Boston Communications Group Inc. (BCGI) has finally settled its long-running legal battle with patent-holding firm Freedom Wireless. BCGI will pay Freedom just over $55 million to settle the dispute, including nearly $13 million to license the patents for an additional seven months. Freedom also agreed to drop associated litigation against BCGI's customers, including Cingular, Sprint, and Alltel. Last year, courts ruled that BCGI was infringing on two Freedom patents covering basic ideas behind prepaid mobile phone service. BCGI was initially ordered by the courts to pay over $140 million, which threatened to bankrupt the company and leave its customers without a prepaid billing solution.
Apple Must Pay VirnetX $625 Million Over Patent Violations
Apple has been ordered to compensate VirnetX $625 million for using one of the company's patents without permission. VirnetX's patent covers "the use of a domain-name service to set up virtual private networks." Under VirnetX's patent, the VPNs are then used by corporations to communicate with customers or employees.
Verizon to Let Prepaid Customers Manage their Accounts Through My Verizon App
Verizon Wireless today said its prepaid customers will soon have access to the My Verizon account management tool. Beginning June 28, prepaid customers can download and use My Verizon to pay bills, set up auto-pay, add data, and perform other account-related tasks.
Apple Hit with $533 Million Judgment in Patent Trial
Apple was found guilty of infringing on three patents held by a company called Smartflash and must pay the firm $532.9 million. A federal jury in Texas reached the verdict Tuesday and said Apple violated the patents willfully.
Apple's Patent Consortium to Sell 4,000 Patents for $900M
Rockstar Consortium, a patent-holding company headed by Apple, has agreed to sell more than 4,000 mobile patents for about $900 million. Apple and partners Microsoft, BlackBerry, Ericsson, and Sony paid $4.5 billion for more than 6,000 patents from Nortel four years ago in order to help protect against litigation.
Sorry wrong discuss, my bad!