Amazon Settles Patent Suit For $40M

Law360, New York (August 11, 2005, 12:00 AM EDT) -- Online retailer agreed to a $40 million mediated settlement Wednesday, settling patent litigation over basic functions of its popular website.

The e-commerce giant was sued by Chicago-based software developer Soverain LLC in January 2004 and again in December 2004. In complaints filed in U.S. District Court for the Eastern District of Texas, Soverain asserted a total of five patents related to e-commerce functions.

Gap, Inc., also named in the complaints, settled with Soverain out of court earlier this year.

The patents cover common features of...
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