Container Store Settles Lawsuit Over Web Patent

Law360, New York (March 2, 2010, 3:19 PM EST) -- The Container Store Inc. has settled a lawsuit accusing several retailers and Internet companies of infringing a patent covering a method for presenting viewer-specific information on the Web.

The retailer and plaintiff Gildersleeve Holdings AG LLC on Monday asked the U.S. District Court for the Eastern District of Texas to dismiss the claims with prejudice based on a licensing agreement the parties reached on Feb. 24.

The motion said the license agreement is nonexclusive, and that both sides will cover their own costs, expenses and attorneys'...
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