VirnetX Holding (VHC) Receives U.S. Patent '705 Covering Secure Domain Names Oct 22, 2014 10:06AM

VirnetX Holding (NYSE: VHC) announced that on October 21, 2014, it was granted a new patent from the United States Patent and Trademark Office (USPTO); Patent no. 8,868,705, , entitled "Agile Network Protocol for Secure Communications Using Secure Domain Names."

This new patent is the twelfth patent granted in 2014. Like many other patents, it is a result of VirnetX's continuous investment in developing VirnetX's Gabriel Technology Platform. Multiple applications are in development that run on VirnetX's Gabriel Technology Platform and these applications communicate securely using VirnetX's Secure Domain Name functionality. This functionality allows various applications including audio/video, telephony and messaging applications to communicate seamlessly and securely over the Internet.

VirnetX plans to introduce secure domain names through its Secure Domain Name Initiative which will include partnerships with major technology companies.

"This new patent strengthens our Secure Domain Name Initiative and will assist in our pursuit of strategic partnerships," said Kendall Larsen, VirnetX CEO and President. "We believe our secure domain names will be integral in securing 4G/LTE advanced wireless networks by automatically encrypting communication channels for securely transmitting user data."


Rapiscan Systems (OSIS), DHS Extend Administrative Agreement Oct 22, 2014 08:34AM

OSI Systems (NASDAQ: OSIS) announced that its Security division, Rapiscan Systems, and the Department of Homeland Security (DHS) have entered into an Addendum to the Administrative Agreement signed in June 2013. Among other compliance measures, the Addendum extends the duration of the Administrative Agreement.

OSI Systems Chief Executive Officer, Deepak Chopra, commented, “We are pleased to have reached this agreement with DHS. U.S. federal government agencies are counted among our closest and longest standing customer relationships and we look forward to continuing to provide these customers with state of the art technologies and services in years to come.”


Synthetic Biologics (SYN) Receives USPTO Notice of Allowance Covering SYN-004 Oct 22, 2014 06:59AM

Synthetic Biologics (NYSE: SYN) announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance for a composition of matter patent application that covers the lead product in its C. difficile program, SYN-004. This is Synthetic Biologics' first allowed patent application directly pertaining to SYN-004 in the U.S. and adds to the Company's extensive C. difficile patent estate.

SYN-004 is Synthetic Biologics' novel oral enzyme drug candidate designed as the first and only prophylactic treatment intended to prevent the development of C. difficile infections, by binding with and neutralizing certain intravenous (IV) beta-lactam antibiotics in the gut. SYN-004 is intended to block the effects of antibiotics within the gastrointestinal (GI) tract, maintaining the natural balance of bacterial flora (the gut microbiome), potentially preventing the 1.1 million C. difficile infections in the U.S. each yeari. The U.S. patent to be issued has claims to compositions of matter and pharmaceutical compositions of beta-lactamases, including SYN-004, and carries a patent term to at least 2031. In addition to the newly allowed patent, the Company has numerous related granted and pending U.S. and international patent applications that are central to the Synthetic Biologics' intellectual property estate.

"This new patent will strengthen the protection of Synthetic Biologics' SYN-004 and reiterates our position as a key player in the prevention of microbiome-based diseases," said Jeffrey Riley, Chief Executive Officer of Synthetic Biologics. "We continue to bolster the Company's patent estate while making progress towards our goals to initiate Phase Ia and Ib C. difficile clinical trials this quarter."


Cayman Islands Court Issues Order to Acorn (ATV) SHareholder Oct 22, 2014 06:16AM

On October 14, 2014, the Grand Court of the Cayman Islands (the “Cayman Islands Court”) issued an order (“Order”) relating to the petition (the “Petition”) presented by Acorn Composite Corporation (a shareholder of Acorn International (NYSE: ATV) controlled by Mr. Robert W. Roche, a director of the Company) to the Cayman Islands Court on September 29, 2014.

As previously disclosed in the Company’s Form 6-K furnished to the Securities and Exchange Commission on October 1, 2014, the Petition seeks to have a winding up order be made against Acorn International, Inc. (the “Company”). As an alternative to a winding up order, the Petition requests that the Cayman Islands Court exercise its jurisdiction to (i) direct the Company to call an extraordinary general meeting (“EGM”) so as to allow all of the shareholders and ADS holders of the Company to consider and vote on (a) a resolution to approve the removal of Messrs. Andrew Y. Yan, Don Dongjie Yang, Gordon Wang and Jing Wang as directors of the Company, and to approve the appointment of Messrs. Benjamin Johnson, David Leung, Yue-Sai Kan and Jong-Guang Pan as directors of the Company, and (b) a resolution to amend the Company’s memorandum and articles of association to allow shareholders who are holding not less than 30% of the issued ordinary shares in the Company to convene an EGM unilaterally; and (ii) require the Company to refrain from pursuing any share issuance until such further order of the Cayman Islands Court or approval of the shareholders of the Company following an EGM.

Upon the request of Acorn Composite Corporation and with the agreement of D. Y. Capital, a shareholder of the Company controlled by Don Dongjie Yang, the Company’s CEO and the chairman of its board of directors, and SB Asia Investment Fund II L.P., a shareholder of the Company controlled by Andrew Y. Yan, a director of the Company, the Cayman Islands Court has stipulated in the Order that the Petition is to be treated as an inter partes proceeding between Acorn Composite Corporation, D.Y. Capital and SB Asia Investment Fund II L.P., and is not to be treated as a proceeding against the Company. Under the Order, the Company is to be treated as the subject matter of the Petition but shall be neutral as to its direction and outcome, giving such assistance to the Cayman Islands Court as the Cayman Islands Court may direct.

The Order also stipulates that any other shareholder of the Company wishing to be heard on the Petition must give the Cayman Islands Court notice of his, her or its intention no later than December 3, 2014.

Under the Order, pending the determination of the Petition, certain specified actions taken by the Company shall be void unless specific leave is granted by the Cayman Islands Court or such matters are approved by an ordinary resolution of the shareholders of the Company, including actions which would materially impact the financial position and/or operations of the Company and its subsidiaries, issuing new share capital, declaring dividends, selling its or its subsidiaries’ assets, taking actions which result in the failure on the part of the Company or any of its subsidiaries to honor existing contracts or commercial arrangements currently in place, and entering into new contracts.


UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg Oct 21, 2014 05:10PM

(Updated - October 21, 2014 5:10 PM EDT)

(Updated - October 21, 2014 4:58 PM EDT)

GT Advanced Technologies (Nasdaq: GTAT) (OTCBB: GTATQ) attorney says consensual accord with Apple (Nasdaq: AAPL) reached. The lawyer calls it an 'amicable parting of ways.' The accord will save millions of dollars and solve most issues.

The agreement will be filed with minor redaction.

UPDATE - The lawyer also said Apple will be paid once furnaces in Arizona are sold. There's one confidentiality accord that remains and no claims against Apple will be made.

The company will also be able to wind down operations and pay incentives to certain employees.


More Litigation

View Older Stories

Oct 21, 2014 05:10PM UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg
Oct 21, 2014 05:10PM UPDATE: GT Advanced Technologies (GTAT) attorney says consensual accord with Apple reached - Bloomberg
Oct 21, 2014 03:33PM GT Advanced Technologies (GTAT) lawyer says accord with Apple isn't final - Bloomberg
Oct 21, 2014 02:14PM Michigan Governor Snyder Decides to Sign Bill Banning Direct Sales from Tesla (TSLA)
Oct 21, 2014 02:14PM Michigan Governor Snyder Decides to Sign Bill Banning Direct Sales from Tesla (TSLA)
Oct 21, 2014 12:26PM UPDATE: GT Advanced Technologies' (GTATQ) Bankruptcy Judge Denies Request to Pay Critical Vendors
Oct 21, 2014 12:11PM UPDATE: Ocwen Financial (OCN) Moves Sharply Lower; NYDFS Accuses of Backdating Letters to Borrowers
Oct 21, 2014 12:11PM UPDATE: Ocwen Financial (OCN) Moves Sharply Lower; NYDFS Accuses of Backdating Letters to Borrowers
Oct 21, 2014 12:26PM UPDATE: GT Advanced Technologies' (GTATQ) Bankruptcy Judge Denies Request to Pay Critical Vendors
Oct 21, 2014 10:38AM UPDATE: GT Advanced Technologies (GTATQ), Apple Will Enter Settlement Accord
Oct 21, 2014 10:38AM UPDATE: GT Advanced Technologies (GTATQ), Apple Will Enter Settlement Accord
Oct 21, 2014 10:26AM DuPont (DD) Issues Commentary on EC's Statement of Objections for HFO-1234yf
Oct 21, 2014 10:04AM KeyBack Comment on Trinity Industries (TRN) Following Adverse Ruling
Oct 21, 2014 08:58AM Staples (SPLS) Active on Reports of Credit Card Data Breach; Says Working to Resolve Issue
Oct 20, 2014 04:08PM Trinity Industries (TRN) Affirms Outcome of False Claims Act Case
Oct 20, 2014 03:27PM UPDATE: Trinity Industries (TRN) Active; Loses Trial Over $1B Highway Guardrail Lawsuit, Says Bloomberg
Oct 20, 2014 03:27PM UPDATE: Trinity Industries (TRN) Active; Loses Trial Over $1B Highway Guardrail Lawsuit, Says Bloomberg
Oct 20, 2014 01:46PM Vringo (VRNG) Reports Court of Appeals Invites Google to Respond to En Banc Petition
Oct 20, 2014 10:31AM WI-LAN (WILN) Enters Second Patent Agreement with Panasonic
Oct 20, 2014 08:32AM Hemispherx Biopharma (HEB) Reports Dismissal of Claims in Cato Capital Suit
Oct 20, 2014 06:32AM Affymetrix (AFFX) Licenses HLA Typing Technology from Peptide Groove
Oct 20, 2014 06:25AM Acacia Research (ACTG) Unit, Vanguard Group Enter Settlement, Licensing Agreement
Oct 20, 2014 06:22AM Acacia Research (ACTG), Blackberry (BBRY) Enter Agreement
Oct 17, 2014 01:47PM Hudson Technologies (HDSN) Says EPA's Final Rule on HCFC Allowances More Aggressive Than Original Preferred Approach
Oct 17, 2014 12:33PM Fed Announces Delay for Capital Plans to April Starting in 2016
Oct 17, 2014 11:38AM Amgen (AMGN) Suit No Surprise for Regeneron (REGN) - Analyst (SNY)
Oct 17, 2014 09:32AM VirnetX Holding (VHC) Files for Rehearing in Apple Case
Oct 17, 2014 09:02AM Amgen (AMGN) Files Patent Infringement Suit Against Sanofi (SNY), Regeneron (REGN)
Oct 17, 2014 08:03AM Covidien plc (COV) Granted Prelim. Injunction Against Johnson & Johnson's (JNJ) Ethicon Endo-Surgery
Oct 17, 2014 08:01AM SEC Closes Inquiry into Keurig Green Mountain (GMCR); Takes No Enforcement Action
Oct 17, 2014 06:25AM Tesla Motors (TSLA) Issues Response to Michigan Blocking Direct-Sales Model
Oct 16, 2014 08:40AM GT Advanced Technologies (GTAT) to Start Trading OTC
Oct 16, 2014 08:40AM GT Advanced Technologies (GTAT) to Start Trading OTC
Oct 16, 2014 07:12AM AcelRx Pharma (ACRX) Updates on Patent Protfolio; Issued 11 in 2014
Oct 15, 2014 03:16PM GT Advanced Technologies (GTAT) Hearing Delayed; Creditor Committee Needs to Review Case
Oct 15, 2014 03:04PM Michigan Bill Prohibiting Direct Sales by Tesla Motors (TSLA) Passes
Oct 15, 2014 11:13AM Vringo (VRNG) Submits Petition to Court of Appeals in Case Against Google (GOOG)
Oct 15, 2014 06:57AM Cash Store Financial (CSFS) Looks to Preserve Capital While Meeting ASC Requests
Oct 14, 2014 10:03AM UPDATE: Gilead Sciences (GILD) Hits Session Lows
Oct 14, 2014 08:05AM Citigroup (C) Uncovers Illegal Conduct in Banamex Unit
Oct 14, 2014 06:41AM Prima BioMed Ltd (PBMD) Reports Immutep S.A. Granted NoA from Australian Patent Office
Oct 13, 2014 09:12AM Kmart (SHLD) Reports Breach to Payment Data Systems
Oct 13, 2014 09:07AM Alco Stores (ALCS) Files for Chapter 11 Bankruptcy
Oct 13, 2014 07:32AM Vringo (VRNG) Updates on Suit Against ZTE in Romania
Oct 13, 2014 06:53AM Amkor Technology (AMKR) Receives Adverse Decision in IPR Prceeding with Tessera (TSRA)
Oct 13, 2014 06:33AM Doral Financial (DRL) Gains Following Court Ruling in San Juan
Oct 13, 2014 05:56AM Synopsys (SNPS) to Appeal Mentor Graphics (MENT) Decision
Oct 10, 2014 04:07PM Tessera Technologies (TSRA) Says California Confirms $128.3M Judgement Award
Oct 10, 2014 03:10PM Family Dollar Stores (FDO) Receives Second Request from FTC in Dollar General (DG) Deal
Oct 10, 2014 11:11AM GT Advanced Technologies (GTAT) Says Sapphire Operations Must be Wound Down (AAPL)
View Older Stories