Aldav Settles With Last Defendants Over Web Radio IP

Law360, New York (March 22, 2010, 12:43 PM EDT) -- On the heels of settlements with Clear Channel Communications Inc., Cumulus Media Inc. and others, Aldav LLC has reached a licensing deal with Univision Communications Inc. and Radio One Inc., the last two defendants in its suit alleging infringement of a patent for Internet broadcast technology.

The agreement, filed Friday in the U.S. District Court for the Eastern District of Texas, now awaits final approval by Judge Leonard Davis. Terms of the pact were not disclosed, but the parties agreed to pay their own costs....
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