Court Rules Limelight Networks(TM) Does Not Infringe Akamai Patent
26 Aprile 2009 - 6:00PM
PR Newswire (US)
TEMPE, Ariz., April 26 /PRNewswire-FirstCall/ -- Limelight
Networks, Inc. (NASDAQ:LLNW) today announced that the United States
District Court for the District of Massachusetts has granted
Limelight's motion for judgment as a matter of law, setting aside a
prior jury verdict and ruling that Limelight does not infringe U.S.
Patent No. 6,108,703 in Akamai Technologies, Inc., et al. v.
Limelight Networks, Inc. (Civil Action No. 06-11109-RWZ). "We are
pleased the Court granted our motion for reconsideration in this
matter and ruled in our favor. We have long maintained that we do
not infringe the '703 patent," stated Jeff Lunsford, chairman and
chief executive officer, Limelight Networks, Inc. "This ruling
affirms that Limelight Networks respects the intellectual property
of others, and that our growth and success have been achieved
through our own innovation, hard work, and customer-focused
operations. We look forward to continued collaboration with our
customers and partners as we work to enable a global shift in
content consumption from closed to open networks, where consumers
can enjoy their desired content whenever, wherever and on whatever
connected device they choose." The Company expects this ruling to
allow it to reverse expenses of approximately $66 million accrued
for potential damages and interest. The Court's Memorandum and
Order, issued on April 24, 2009, cites the standard set forth in
the recently decided MuniAuction, Inc. v. Thomson Corp., 532 F.3d
1318 (Fed. Cir. 2008), cert. denied, 2009 WL 578715 (U.S. March 9,
2009) as a key element in deciding to grant Limelight Networks'
motion. Safe-Harbor Statement This press release contains
forward-looking statements concerning Limelight's operations,
financial accruals for the Akamai litigation, and use of
intellectual property. Forward-looking statements are not
guarantees and are subject to a number of risks and uncertainties
that could cause actual results to differ materially including the
inherent risks associated with litigation, particularly
intellectual property-based litigation. Among other factors, the
court's decision in Limelight's favor is subject to appeal and
could be modified or reversed on appeal. In addition to incurring
ongoing legal expenses in further proceedings, if the court's
decision were modified or reversed on appeal, there is the
possibility that the Company could ultimately face an adverse
judgment that could have a material adverse effect on our
operations and financial results. The Company assumes no duty or
obligation to update or revise any forward-looking statements for
any reason. About Limelight Networks, Inc. Limelight Networks, Inc.
(NASDAQ:LLNW) is a content delivery partner enabling the next wave
of Internet business and entertainment. The world's most innovative
Internet, entertainment, software, and technology brands trust our
robust, scalable platform to deliver a brilliant online experience
to their global audiences. Our innovative, network-based delivery
approach enables web content to maintain consistently high levels
of performance and availability, by routing traffic over our
private fiber-optic backbone rather than through the
often-congested, unpredictable public Internet. For more
information, visit our corporate website
(http://www.limelightnetworks.com/), read our blog
(http://blog.llnw.com/), or follow @llnw on Twitter. All product or
service names are the property of their respective owners
DATASOURCE: Limelight Networks, Inc. CONTACT: Paul Alfieri of
Limelight Networks, Inc., +1-917-297-4241, Web Site:
http://www.limelightnetworks.com/
Copyright
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Set 2024 a Ott 2024
Grafico Azioni Limelight Networks (NASDAQ:LLNW)
Storico
Da Ott 2023 a Ott 2024