Curated News
By: NewsRamp Editorial Staff
October 11, 2024
Paltalk, Inc. Wins Final Judgment in Patent Infringement Lawsuit Against Cisco Systems, Inc.
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- Paltalk, Inc. won $65.7 million in a patent infringement lawsuit against Cisco Systems, Inc.
- Paltalk filed a lawsuit against Cisco in 2021, alleging patent infringement and was awarded $65.7 million in 2024.
- Paltalk's victory in the patent infringement lawsuit ensures protection of their innovative communication software, benefiting users and advancing technology.
- Paltalk, Inc. prevailed in a patent infringement lawsuit against Cisco, securing $65.7 million in damages in a legal victory.
Impact - Why it Matters
This news matters as it highlights the successful outcome of Paltalk, Inc.'s patent infringement lawsuit against Cisco Systems, Inc. The $65.7 million Final Judgment in Paltalk's favor showcases the Company's commitment to vigorously defend its issued US Patents and the impact of this legal victory on the technology innovation industry.
Summary
Paltalk, Inc. has announced a Final Judgment in its patent infringement lawsuit against Cisco Systems, Inc. The Court awarded Paltalk $65.7 million in connection with the Lawsuit, and the Final Judgment has been entered in the Company's favor. The exact amount of the Award proceeds to be received by Paltalk will be determined based on various factors and will reflect the deduction of significant litigation-related expenses, including legal fees.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Paltalk, Inc. Wins Final Judgment in Patent Infringement Lawsuit Against Cisco Systems, Inc.
