Jury Hands Win To Zillow In LendingTree's Patent Suit
Law360, New York (March 12, 2014, 8:06 PM EDT) -- A North Carolina federal jury found Wednesday that online real estate company Zillow Inc. and two other businesses did not infringe patents related to online loans held by competitor LendingTree LLC.
After a five-week trial, the jury found that Zillow, NexTag Inc. and Adchemy Inc. had not infringed LendingTree patents covering a computer network for coordinating loans over the Internet. The jury also found that the two patents are invalid for failing to identify the correct inventors.
“This is a significant victory in a rare patent trial among competitors,” Dave Hadden, an attorney for Zillow, said in an email to Law360...
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