Oct. 3, 2012
Bascom Research, LLC
, a wholly-owned subsidiary of
Lexington Technology Group, Inc.
, filed patent infringement lawsuits today against five social and business networking companies, including
in the United States District Court for the Eastern District of
. At issue are several patents that are instrumental to social and business networking technology.
"We strongly believe that Facebook, LinkedIn and the other defendants are infringing our patents," says Lexington Technology Group CEO
. "Our pioneering technology was patented as early as 2001—long before the advent of Facebook, LinkedIn and other social and business networks—and covers key aspects of online collaboration and relationship linking."
Earlier this week,
Document Security Systems, Inc.
(NYSE MKT: DSS), a leader in anti-counterfeit, authentication, and mass–serialization technologies, announced that it has signed a definitive agreement to merge with Lexington Technology Group. The merger is expected to become final in the first quarter of 2013, at which point Bascom Research will become a subsidiary of DSS. More information can be found at
Document Security Systems and Lexington Technology Group, Inc. will host a conference call on Thursday, October 4 at 4:00 PM to discuss the merger.
A replay of the teleconference will be available until
October 24, 2012
, which can be accessed by dialing (877) 660-6853 if calling within the U.S. or (201) 612-7415 if calling internationally. Please enter account #286 and conference ID # 4013037 to access the replay.
, Bascom Research acquired a patent portfolio of six patents and four pending patent applications related to technology invented by
Thomas L. Bascom
, who independently developed pivotal technology for use in the telecom and national security sectors. This patented technology has been commercialized by Mr. Bascom's previous company, LinkSpace, LLC, and is a means of organizing data and relationships, and sharing information in a computer network.
Bascom Research believes defendants are in violation of key patents covering this technology, and is seeking a judgment of infringement, injunctive relief and appropriate damages. Bascom's innovations cover the manner in which users and application developers on the Facebook platform make connections between "objects" such as photos, people, events and pages – which is the very essence of Facebook's business.