LendingTree, SST Settle Web Patent Suit For $9.5M

Law360, New York (January 12, 2010, 12:52 PM EST) -- LendingTree LLC will shell out $9.5 million to settle a long-running patent suit filed by Source Search Technologies LLC over a patent related to an Internet matching program, a recent filing with the U.S. Securities and Exchange Commission revealed.

Tree.com subsidiary LendingTree lodged the 8-K report Jan. 5, saying it had resolved the litigation with SST and that the parties planned to file a stipulation of dismissal in the U.S. District Court for the District of New Jersey, where the case has been pending since 2004....
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