This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

PilePro LLC Prevails In Litigation Affirming Its Ownership Of Leading-Edge Technology

Stocks in this article: MT NUE

AUSTIN, Texas, May 23, 2012 /PRNewswire/ -- PilePro LLC is pleased to announce that it has prevailed in litigation over the attempted misappropriation of its intellectual property and business assets.  Earlier this month the company successfully settled all claims in PilePro Sales Corporation v. SP Network, LLC et al., Case No. A-10-629596, Eighth Judicial District Court, Clark County, Nevada. The settlement affirms PilePro's ownership of the technology underlying its leading-edge website.  The defendants, who include a former business associate, have unconditionally relinquished any claim to intellectual property and have agreed to transfer related business assets back to PilePro.

PilePro Chairman Rob Wendt stated, "We are gratified by the result and pleased that PilePro can continue providing innovative solutions for the sheet piling industry."  Lee Wolosky, Partner at Boies, Schiller & Flexner LLP, counsel to PilePro, remarked, "PilePro will continue to pursue vigorously any person or entity that attempts to misappropriate its intellectual property or business assets." is a groundbreaking way to compare, configure, price, and purchase steel sheet piling retaining wall systems.  It provides a single portal for researching sheet pile systems from manufacturers all over the world and enables users to find quickly and efficiently steel sheet pile system solutions that meet their needs.

About PilePro:

PilePro is the world's only full line connector manufacturer for the steel sheet pile industry. PilePro manufactures corners and connectors for all types of sheet pile used around the world. The connectors are made to highly stringent standards that form precise, seamless connections between steel sheet pile, and other support systems, such as H-Beam, I-Beam and Pipes/Tubes. PilePro's innovative connector technology has satisfied steel sheet piling retaining wall customers since the early 1990s.  PilePro recently announced that its sheetpile connector range has joined the Technical Product Manual of Skyline Steel, the U.S. subsidiary of ArcelorMittal S.A. [NYSE: MT].  Skyline Steel is reportedly in the process of being acquired by Nucor Corporation [NYSE: NUE].  For more information about PilePro. See


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs