Saturday, February 07, 2015

Intellectual Ventures wins infringement verdict against Symantec

From Reuters:

(Reuters) - Symantec Corp, maker of the popular Norton antivirus software, was ordered to pay $17 million in damages on Friday after a federal jury in Delaware found it had violated two patents owned by Intellectual Ventures, a major patent licensing company.
The damages award was far less than the $298 million Intellectual Ventures had been seeking. The jury also cleared Symantec of infringing a third patent.

The verdict is a blow to Mountain View, Calif.-based Symantec. It also confirmed the validity of the patents and strengthens Intellectual Ventures' track record in court. The multibillion-dollar company has become one of the biggest patent owners in the world and only recently began suing companies in addition to its longtime strategy of licensing its wide array of patents.



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