General Patent Corporation (GPC), a leading patent licensing and patent enforcement firm, announced in a press release on behalf of its client, Renhcol Inc., that four additional licensing agreements for the “Web-Based Prediction Marketplace” Patent have been finalized as a result of settlements in a patent infringement lawsuit with Pregame LLC, 1402487 Ontario Limited, IGC Entertainment Corporation and National Sports Services Inc.
Renhcol Inc. owns the patent-in-suit, No. 6,260,019 titled “Web-Based Prediction Marketplace” that pertains to the on-line prediction of future events. The patent infringement lawsuit was filed in the Eastern District of Texas.
In January 2009, Pregame LLC, settled the lawsuit and took a license under the patent-in-suit. 1402487 Ontario Limited, IGC Entertainment Corporation, National Sports Services (IGC) and Pregame were all defendants in the patent infringement lawsuit, and all companies agreed to settle the lawsuit and license the Patent.
This Patent was the subject of a previous lawsuit that resulted in a settlement and six licenses for the Patent.
General Patent Corporation represents Renhcol Inc. as its exclusive licensing agent.
“We are pleased to have reached an amicable settlement with four of the defendants in this lawsuit, and we look forward to settling with the rest of them,” General Patent’s Sr. Vice President and General Counsel Paul Lerner said.
A non-exclusive license under the Patent is available on reasonable and non-discriminatory terms.
SOURCE:AGIPNEWS
