ROCHESTER, N.Y., Jan. 14, 2014 /PRNewswire/ -- Document Security Systems, Inc. (NYSE MKT: DSS), a leading developer and integrator of security technologies, today provided an update regarding recent decisions in the VirtualAgility and Bascom Research patent litigation cases.
On January 9, 2014, the US District Court for the Eastern District of Texas denied the defendants' motion to stay the VirtualAgility case. As a result, the VirtualAgility, Inc. v. Salesforce.com, Inc. Et Al case will continue as scheduled, with the Markman hearing date on April 2, 2014 and jury selection in November 2014.
On January 13, 2014, the US District Court for the Northern District of California issued a stay of proceedings for the Bascom Research case in light of Alice Corp. v. CLS Bank Int'l, a Supreme Court case covering the patentability of software. The Bascom Research stay decision falls in conjunction with stay decisions in several other cases unrelated to Bascom Research and Document Security Systems. The Supreme Court's ruling on Alice Corp. v. CLS Bank Int'l is anticipated in June 2014. As a result, the Bascom Research Markman hearing date is expected to be rescheduled after June 2014.
Jeff Ronaldi, CEO of DSS stated, "Document Security Systems, along with other owners of important software intellectual property, look forward to the results of the Alice Corp. v. CLS Bank case, which should help to clarify what subject matter is patentable under US Law."The dates are tentative and subject to change. Bascom Research is a wholly-owned subsidiary of DSS Technology Management. Bascom Research's patents focus on creating solutions for the management of complex and distributed data. In 2012, Bascom Research brought claims for patent infringement against a number of defendants, including Facebook, Inc. and LinkedIn Corp. The case is currently pending in the US District Court for the Northern District of California. DSS is an investor in VirtualAgility, Inc., an enterprise software company. VirtualAgility provides a user-configurable platform that allows persons who are not specialists in information technology (IT) to create sophisticated, integrated applications. In 2013, VirtualAgility filed a patent infringement lawsuit against nine defendants. The lawsuit is currently pending in the US District Court for the Eastern District of Texas. About DSS (Document Security Systems, Inc.) Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts