Ribbit Settles In Klausner's Visual Voice Mail IP Suit

Law360, New York (April 19, 2010, 12:33 PM EDT) -- Patent-holding company Klausner Technologies Inc. has inked a deal with defendant Ribbit Corp. in an infringement suit over two patents related to visual voice mail.

The two companies on Friday asked the U.S. Court for the Eastern District of Texas to dismiss claims between them, saying they had reached a compromise. Ribbit is the second defendant to seek an exit from the case.

Earlier in April, the defendant asked for more time to file an answer in the case because the two sides had been negotiating...
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