Texas Co. Drops IAC From IP Spat Over Online Ads

Law360, New York (March 3, 2009, 12:00 AM EST) -- Performance Pricing Inc. has moved to dismiss IAC Search & Media Inc. from a patent infringement suit Performance Pricing filed against several major Internet companies, including Google Inc. and Yahoo Inc., over its online advertising technology.

The Austin, Texas-based media sales consulting firm filed a motion Monday in the U.S. District Court for the Eastern District of Texas to dismiss IAC with prejudice from the suit.

Performance Pricing, which licenses patented Web advertising methods to businesses, filed the lawsuit in September 2007 against a slew of...
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