Court Sides With IMX In Mortgage Tech Patent Ruling

Law360 (January 12, 2007, 12:00 AM EST) -- LendingTree LLC suffered another blow in its legal battle with rival IMX Inc. after a federal court ruled that the mortgage technology company failed to prove that a patent for connecting borrowers with lenders over the Internet is unenforceable due to inequitable conduct in the prosecution of the patent.

The U.S. District Court for the District of Delaware issued the ruling on Wednesday after a bench trial was held on LendingTree’s defense and counterclaim that U.S. Patent No. 5,995,947 is unenforceable as a result of inequitable...
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