Finjan Holdings (FNJN) Announces Favorable Decision in Sophos Patent Suit

November 1, 2016 2:01 PM EDT
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Finjan Holdings, Inc. (Nasdaq: FNJN) announced that in Finjan, Inc. v. Sophos Inc. (14-cv-1197-WHO) the Honorable William H. Orrick entered Judgment in favor of subsidiary, Finjan, Inc. and against Sophos affirming the earlier $15M Jury Verdict and Award entered on September 21, 2016.

"We are pleased that Judge Orrick issued the Judgment so quickly, which suggests to us that the issues tried were clear and the verdict noncontroversial," said Julie Mar-Spinola, Finjan Holdings' CIPO. This is our second district court victory in 15 months, wherein all of the asserted patents were found valid and all but one infringed. Significantly, two juries awarded Finjan a total of $65M in damages; confirming that our patent assets remain strong, enforceable, and highly valuable."

The parties have about 28 days to file post-judgment motions with the District Court, and can file notices of appeal to the Court of Appeals for the Federal Circuit about 30 days after the District Court rules.

Finjan has pending infringement lawsuits against FireEye, Inc., Symantec Corp., Palo Alto Networks, Blue Coat Systems, Inc. and ESET, relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.



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