CBS Exits API Technologies Data Network Patent Suit

Law360, New York (January 5, 2010, 2:41 PM EST) -- CBS Corp. and its interactive divisions have become the latest defendants to settle a lawsuit brought by API Technologies LLC accusing two dozen companies of infringing its data network patent.

API and CBS — along with CNet Networks Inc., Last.FM Ltd. and three of the broadcasting giant's other online media units — lodged an agreed motion Monday in the U.S. District Court for the Eastern District of Texas to dismiss all claims and counterclaims in the suit with prejudice.

The request follows a confidential settlement signed...
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