Microsoft Settles Patent Case For $60M

Law360, New York (December 26, 2003, 12:00 AM EST) -- Microsoft Corp. agreed Wednesday to pay Imagexpo, a subsidiary of SPX Corp., $60 million to settle a case involving disputed technology used in its NetMeeting product.

NetMeeting allows remote users communicate via text, voice or video and includes collaboration tools to share and edit documents and images.

Last month, jury in the U.S. District Court for the Eastern District of Virginia awarded Imagexpo $62.3 million in compensatory damages from Microsoft for willfully infringing a patent.

SPX sued Microsoft in October 2002, alleging that the NetMeeting Whiteboard...
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