MCLEAN, Va., Oct. 3, 2012 /PRNewswire/ -- 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 Facebook, Inc. and LinkedIn Corp., in the United States District Court for the Eastern District of Virginia. 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 Will Rosellini . "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 www.lex-tg.com.
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.
- Time: 4:00 p.m. Eastern Time
- Date: Thursday, October 4th, 2012
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