Ford Concealed Risk It Faces In IP Suit, Versata Atty Says
Law360, New York (June 2, 2017, 5:06 PM EDT) -- Opening another front in their patent dispute, an attorney for Versata Software Inc. accused Ford Motor Co. on Thursday of misleading shareholders by failing to disclose the “material risks” the automotive giant faces as a result of Versata's infringement suit against the company.
Former White House special counsel Lanny Davis said Ford didn’t mention during a May shareholders meeting that the company doesn’t have a backup plan to replace the allegedly infringing technology. He called on the company to clarify to shareholders that Ford could be liable for more than $1 billion if found in violation of Versata’s patents.
“We understand Ford...
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