Lexington Technology Group (LTG), an intellectual property management firm, announced today that its wholly owned subsidiary, Bascom Research, expanded its patent enforcement activities by filing a lawsuit against
in the Northern District of California.
Document Security Systems, Inc. (
NYSE MKT: DSS
) received shareholder approval on June 20
, 2013, authorizing DSS to merge with LTG. DSS is a leader in anti-counterfeit and authentication technologies. LTG will be a wholly-owned subsidiary of DSS following completion of the merger, which is anticipated to close on or about July 1
Bascom Research is a software development company focused on building solutions for the management of complex and distributed data in healthcare and other fields. The company owns patents that are instrumental to social networking and aspects of enterprise networking. In 2012, Bascom Research brought claims for patent infringement against five defendants. To date, Bascom Research has entered into a settlement agreements with two of the five original defendants in the litigation for effective royalty rates of 4% and 5% of infringing use. In addition to the newly-filed case against
, Bascom remains in litigation with
in the Northern District of California. A Markman hearing for the cases against Facebook, Inc., LinkedIn Corp, and Novell Corp is scheduled to be heard on October 2
The patents currently asserted in the Salesforce.com case are:
About Lexington Technology Group
- U.S. Patent No. 7,111,232 (“the ‘232 Patent”), entitled Method and system for making document objects available to users of a network
- U.S. Patent No. 7,139,974 (“the ‘974 Patent”), entitled Framework For Managing Document Objects Stored On A Network
- U.S. Patent No. 7,158,971 (“the ‘971 Patent”), entitled Method For Searching Document Objects On A Network
Lexington Technology Group is an intellectual property management firm that invests business experience, legal expertise and capital to monetize pioneering inventions. LTG’s goal is to identify and capitalize on opportunities for return, while rewarding highly qualified innovators. The firm typically engages with companies that have identified important innovations but that may lack the experience, relationships or capital to succeed on their own, and have not been fairly rewarded in the marketplace. LTG’s initiatives contribute to an intellectual property market that enables innovators to benefit from their discoveries and investors to profit from prudent risk. LTG’s management team is comprised of experienced patent managers and strategists that have collectively generated over $1 billion in licenses, settlements and damages awards to date.
Important Additional Information
Filed with the SEC
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of DSS or Lexington. In connection with the proposed merger of DSS and Lexington, DSS filed a definitive proxy statement/prospectus with the SEC which was declared effective by the SEC and disseminated to DSS’s shareholders. The merger was approved at a Special Meeting of Stockholders held on June 20, 2013. The definitive proxy statement/prospectus contains important information about DSS, Merger Sub, Lexington, and the merger transaction.