Finjan Holdings (FNJN) Issues Update on Sophos, Blue Coat Patent Lawsuits
- Nasdaq hits record; bank earnings validate Wall St. rally
- Intrawest Resorts (SNOW) Exploring a Possible Sale - Reuters
- Alibaba (BABA) Has No Plans to Acquire Rest of Groupon (GRPN) - Source
- Time (TIME) Said to Soon Begin Discussions with Interested Buyers - Bloomberg
- JPMorgan (JPM) Reports Q4 EPS of $1.71
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Finjan Holdings, Inc. (Nasdaq: FNJN) provides the following update for two pending litigations: Finjan, Inc. v. Blue Coat Systems, LLC, Case No. 15-cv-03295-BLF ("the Blue Coat matter"), and Finjan, Inc. v. Sophos Inc., Cast No. 3:14-cv-01197-WHO ("the Sophos matter").
In the Blue Coat matter, on November 22, 2016 the Honorable Beth Labson-Freeman denied Finjan's Motion for Preliminary Injunction, finding that although "Finjan is likely to succeed in showing that [US Pat. No. 8,677,494 ("the '494 Patent")] is valid and infringed [by Blue Coat]," Finjan did not overcome the additional heightened requirements for injunctions set forth in current case law, of irreparable harm or that the balance of hardships weighed in its favor.
"While Finjan believes we presented sufficient evidence to support a preliminary injunction against Blue Coat, given the high bar for securing an injunction, we respect the Court's decision but are not deterred," said Julie Mar-Spinola, Finjan Holding's CIPO. "Equally, we are encouraged by Judge Freeman's analysis on the validity and infringement of the '494 Patent by Blue Coat, which is consistent with the recent validity finding of the '494 Patent by the jury in the Sophos matter. Finjan will continue to pursue appropriate relief from unlicensed users of our technology."
As such, respecting the Sophos matter, Finjan filed a Motion to Amend the Judgment, for a Permanent Injunction, and for Pre- and Post-Judgment Interest on November 28, 2016, against Sophos (PACER, Doc. No. 424). Sophos also filed post-judgment motions on the same date, all of which are also publicly available on PACER, Doc. Nos. 421, 423, and 429.
Finjan has pending infringement lawsuits against FireEye, Inc., Symantec Corp., Palo Alto Networks, Inc., and ESET and its parent 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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kellogg (K) Appoints Fareed Khan as CFO
- Global Eagle Entertainment (ENT) Acquires Ku-band Payload
- Norwood Financial Corp (NWFL) Names William Davis, Jr. as Chairman of the Board
Create E-mail Alert Related CategoriesCorporate News, Litigation
Related EntitiesTwitter, IPO
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!