Network-1 Technologies today announced that Mirror World Technologies, its wholly-owned subsidiary, agreed to settle its patent litigation against Microsoft pending in the United States District Court for the Eastern District of Texas, Tyler Division, for infringement of U.S. Patent No. 6,006,227. As part of the settlement, Microsoft will get non-exclusive license agreement for the ‘227 Patent and Microsoft customers will also be covered under the license to the ‘227 Patent. Network-1 will receive $4,650,000 from Microsoft for the settlement and fully paid up license.
Pursuant to the Settlement Agreement, all claims against Microsoft in the litigation currently pending in the Eastern District of Texas will be dismissed with prejudice. In addition, as customers of Microsoft, the litigation pending against Hewlett-Packard Company, Lenovo Group Ltd., Lenovo, Inc., Dell, Inc., Best Buy Co., Inc. Samsung Electronics of America, Inc. and Samsung Telecommunications America L.L.C. relating to the ‘227 Patent will also be dismissed.
Mirror World Tech has also sued Apple for the same patent and the case is still pending the court.