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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!