Tag: visto

RIM and Visto finally settle worldwide patent infringement lawsuits

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The battle between RIM and Visto has been going on for some time now. Last we heard, Visto had paid RIM for certain patent infringements but there were 21 patent claims outstanding for the US Patent Office to rule on. The patents concern email synchronization between devices and local servers.

It seems that yesterday, the two companies have come to a definitive agreement to settle all outstanding worldwide patent litigation between the companies.

The agreement includes a perpetual and fully-paid license on all Visto patents for RIM, a transfer of certain Visto intellectual property, a one-time payment by RIM of US $ 267.5 million to Visto and the parties executing full and final releases in respect of all outstanding worldwide litigation.

The settlement is expected to be completed during the week of July 20, 2009 and is subject to certain closing conditions.

Accounting for these dollars in the 2nd quarter of 2010, will involve including the payments as an unusual item to be expensed, with the remained classified as an intangible asset. This is a considerable sum of money and it will be interesting to see what effect the resolution will have on RIM’s shares.

Visto bites back in patent battle

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Punch in the faceAlthough Visto has coughed up the dough to RIM for some patent infringement already, the U.S. Patent Office has validated a whooping 21 patent claims prior to the next round of legalities. RIM had countersued Visto after some initial litigations, which are set to resume following RIM’s win earlier this summer. The patents in question surround e-mail synchronization between handsets and local servers – clearly something Visto has a stake in, and obviously a technology vital to the continued operation of BlackBerrys. Looks like Visto’s down but far from out…

RIM wins another court battle, owns Visto on both sides of the Atlantic

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Jack Mccoy fights for RIMMere months after their victory over Visto in the United Kingdom, RIM has laid the legal smack down on the company once again. The Globe and Mail is reporting that Visto has agreed to pay damages to RIM after a Federal Court judge found that the company infringed on three of RIM’s patents. For those keeping score at home, this means the end of a suit that dates all the way back to the summer of 2006. Yeesh.

Both sides have yet to work out the damages Visto will have to pay, but RIM must be happy with the moral victory. Jack McCoy strikes again!

RIM’s patent lawyers charge too much

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CashmoneyAfter winding down from the UK win against Visto, a High Court judge has deemed the £5.18m bill from RIM’s lawyers far too high. “For these sums of money, one would be entitled to expect each of them to be able to recite all the documents in the case by heart,” said Justice Floyd. Allen & Overy handled the case, rebuking “The reality is that the legal costs were a tiny fraction of the value of RIM’s business, which was put at risk through this litigation. A&O’s efforts also benefited RIM and the industry by removing Visto’s ability to pursue disproportionate financial gain from the patent.” This actually worked out in Visto’s favour, as they were ordered to pay two thirds of RIM’s reduced legal costs, which totalled £1.6m.

Patent office stomps Visto objections

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StompVisto’s been legally nagging at RIM for awhile now, but now the second of their four patent objections has been dismissed by the U.S. Patent and Trademark Office on the grounds that one patent regarding secure network file transfer has been in use by Lotus Notes since the 90s. This is just a preliminary rejection mind you, meaning Visto now has the opportunity to revise their complaint in scope or logic before it officially goes to court next July. Now, what the patent office says may have no ultimate bearing on the case proper, considering RIM had that much going for them in the NTP case, and we all know how that one ended up.