IDT Hit With $9M Verdict In Gift Card Patent Suit

Law360, New York (February 16, 2011, 3:41 PM EST) -- A federal jury has awarded patent-holding company Alexsam Inc. $9.06 million, finding that telecommunications company IDT Corp. infringed a patent for gift card technology.

The jury in the U.S. District Court for the Eastern District of Texas ruled Tuesday that IDT's products infringe two claims of an Alexsam patent. In addition, the jury rejected IDT's claims that the patent found to be infringed and another patent-in-suit were invalid.

The jury ruled that IDT's prepaid calling card and prepaid wireless top-up cards each infringe two claims of...
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