TELECOM Digest OnLine - Sorted: Amazon Settles Patent Lawsuit for $40 Million

Amazon Settles Patent Lawsuit for $40 Million

Reuters News Wire (reuters@telecom-digest.org)
Thu, 11 Aug 2005 19:11:23 -0500

Amazon.com Inc. on Thursday said it will pay $40 million in the third
quarter to settle a patent infringement lawsuit with Soverain Software
LLC.

The settlement of the lawsuit, which was originally filed in 2004 in
Texas, was announced in a filing with the Securities and Exchange
Commission.

Amazon, the online retailer, said the settlement also includes the
dismissal of all claims and counterclaims, mutual releases, and a
nonexclusive license to Soverain's patent portfolio.

Soverain had filed the suit against Amazon on January 12, 2004 in the
U.S. District Court for the Eastern District of Texas, Amazon said in
the filing.

Copyright 2005 Reuters Limited.

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