Atty Issues Doom $250M Patent Suit Against Retail Giants

Law360, New York (October 17, 2013, 6:14 PM EDT) -- A Texas federal judge on Thursday dismissed Alexsam Inc.'s long-running $250 million patent litigation against JC Penney Co. Inc., The Home Depot Inc. and Toys R Us Inc. over gift card activation technology, after Alexsam was unable to resolve “impossible” issues with its attorneys.

U.S. District Judge Michael H. Schneider signed off on Alexsam's voluntary motions to dismiss its three-year-old suits against the retailers, after the nonpracticing entity announced on Oct. 9 that it would be terminating its relationship with intellectual property law firm Fitch Even...
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