LendingTree, IMX Bring 2003 Patent Spat To An End

Law360, New York (August 20, 2008, 12:00 AM EDT) -- LendingTree LLC and rival IMX Inc. have settled all remaining claims in their long-running battle over a patent for technology allowing lenders and customers to interact online.

The agreement, announced Wednesday, concludes litigation IMX first brought in 2003 in the U.S. District Court for the District of Delaware against a number of online lenders, including E-Loan Inc. and Priceline.com Inc., which were dismissed in 2004 and 2005, respectively.

The settlement provides for IMX to license its patent to LendingTree and ends the two appeals brought by...
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