Clear Channel Exits Aldav Web Radio Patent Suit

Law360, New York (March 17, 2010, 3:49 PM EDT) -- Clear Channel Communications Inc. has become the latest radio heavyweight to agree to a settlement in a suit brought by Aldav LLC accusing broadcast media companies Cumulus Media Inc., CBS Radio Inc. and others of infringing a patent related to Internet radio technology.

Judge Leonard Davis of the U.S. District Court for the Eastern District of Texas on Tuesday signed off on a joint motion to dismiss claims and counterclaims between the parties pursuant to an undisclosed settlement agreement.

Specifics of the deal were not available...
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