Intellicheck Settles Antitrust Suit With Rival

Law360, New York (December 9, 2010, 1:33 PM EST) -- Eid Passport Inc. has finalized a settlement with rival Intellicheck Mobilisa Inc., putting to rest accusations of false advertising as well as anti-competitive and predatory conduct by Intellicheck to keep others from selling technology that electronically validates state-issued driver's licenses for the U.S. military.

While specific terms of the settlement announced by the firms Wednesday are being kept confidential, the companies did say that neither party will make any payment to the other.

Under the agreement, all claims of the lawsuit are being dismissed, each party...
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