Geomas Settles Cityhub Patent Theft Suit

Law360, New York (April 28, 2010, 5:36 PM EDT) -- Defunct local search provider Inc. has reached a settlement with Geomas International Ltd., putting to rest Cityhub’s allegations that a former director secretly dissolved the company and transferred a Cityhub software patent to Geomas, which he also controlled, without the consent of Cityhub’s shareholders.

Judge T. John Ward dismissed the case Tuesday in the U.S. District Court for the Eastern District of Texas in light of the settlement, resolving a lawsuit accusing John Veenstra of deceiving shareholders, misappropriating a patent for Internet search software and...
To view the full article, register now.