Fed Circ. Lets Sanctions Stand Against Eon-Net

Law360, New York (July 29, 2011, 7:48 PM EDT) -- The Federal Circuit affirmed a ruling Friday that smacked Eon-Net LP with $630,000 in sanctions and attorneys' fees, saying a lower court correctly ruled that the technology company's suit against Flagstar Bancorp Inc. was part of a pattern of extortive patent litigation.

Eon-Net, which was founded by a U.S. inventor-turned-evangelist Mitchell Medina, sued Michigan-based Flagstar in Washington federal court in 2005, saying Flagstar infringed its patent for an information processing methodology. Flagstar rejected a settlement offer in the range of $25,000 to $750,000 and racked up...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.