Online store makes one-time payment to Soverain Software
vnunet.com, 12 Aug 2005
Amazon has settled its 12-month legal case with Soverain Software with a payment of $40m, according to documents filed with the Securities and Exchange Commission.
Amazon's papers reveal that it made "a one-time payment of $40m in the third quarter of 2005, dismissal of all claims and counterclaims, mutual releases, and a non-exclusive licence to Soverain's patent portfolio".
Soverain filed a case against Amazon in January last year for intellectual property theft, and jury selection was due to start next week. Amazon has also agreed to license some of Soverain's software as part of the deal.
Soverain sued over illegal use of its software for online payments, shopping carts and identification of users. The company won a large payout from clothing chain Gap last year in a similar case.
'People who registered this patent also registered ...'
In part one of V3.co.uk's interview with Dirk Singer, he dicusses social media monitoring strategies
Remote access - Three steps to getting connected
3.4 million UK professionals now work from home – is your company equipped?
Cost benefits of a global collaboration network
This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications
Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.
Alcatel-Lucent's Neal Tilley talks about how enterprises and carriers can...
Former Information Commissioner speaks out on government databases and data...
Commission comes out fighting after criticism from Oracle and Washington
Do you agree?
Have your say on this article