Massachusetts District Court Agrees to Limelight’s Request for Hearing on Validity of Patent in Longstanding Intellectual P...
18 Febbraio 2016 - 9:45PM
Business Wire
Limelight Networks, Inc. (Nasdaq:LLNW), a global leader in
digital content delivery, announced that Akamai agreed today in a
hearing before the Massachusetts U.S. District Court to limit its
maximum potential damages to $63 million plus future accruing
interest (if any) in the longstanding patent dispute between the
parties. This is a significant victory for Limelight, since Akamai
previously requested $99 million. Limelight agreed to post a bond
with the court to support the potential loss. The judge also set a
briefing schedule, with a hearing set for mid-April, to determine
the validity of the '703 patent due to intervening changes in the
law of patentability and indefiniteness. If successful in its
validity challenge, Limelight will eliminate all potential damages
in the case. Lastly, the court did not grant a permanent
injunction.
“We are pleased with the outcome of today's hearing. With the
maximum potential loss reduced to $63 million, we believe we have
sufficient liquidity to operate the business as planned without
additional financing,” said Sajid Malhotra, interim chief financial
officer at Limelight. “We will continue to support our customers
with the excellence that they expect.”
About Limelight
Limelight Networks (NASDAQ: LLNW), a global leader in digital
content delivery, empowers customers to better engage online
audiences by enabling them to securely manage and
globally deliver digital content, on any device. The company’s
award winning Limelight Orchestrate™ platform includes an
integrated suite of content delivery technology and services that
helps organizations secure digital content, deliver exceptional
multi-screen experiences, improve brand awareness, drive revenue,
and enhance customer relationships — all while reducing costs. For
more information, please visit www.limelight.com, read
our blog, follow us
on Twitter , Facebook and LinkedIn and
be sure to visit Limelight Connect.
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Press Contact:famaPR on behalf of Limelight NetworksTed
Weismann, 617-986-5009limelight@famapr.comorInvestor
inquiries:ir@llnw.com
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