LendingTree, SST Settle Web Patent Suit For $9.5M

Law360, New York (January 12, 2010, 12:52 PM EST) -- LendingTree LLC will shell out $9.5 million to settle a long-running patent suit filed by Source Search Technologies LLC over a patent related to an Internet matching program, a recent filing with the U.S. Securities and Exchange Commission revealed.

Tree.com subsidiary LendingTree lodged the 8-K report Jan. 5, saying it had resolved the litigation with SST and that the parties planned to file a stipulation of dismissal in the U.S. District Court for the District of New Jersey, where the case has been pending since 2004....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.