LendingTree Infringed Mortgage Tech Patent: Jury
IMX sued North Carolina-based LendingTree in November 2003 in the U.S. District Court for the District of Delaware, accusing the company of willfully infringing its patent for connecting borrowers with lenders over the Internet.
The jury agreed with IMX. Along with its verdict of willful infringement, the jury awarded IMX nearly $5.8 million in damages. There’s a great possibility the...
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