Blue Calypso Inc. (OTCBB: BCYP), an innovator in digital social advertising, mobile content syndication, and analytics, recently announced a Markman hearing set for August 27, 2013 in its patent infringement case against LivingSocial. Findings from this hearing may encourage settlements or provide insight into the likelihood of a particular outcome.
With the success seen by companies like Vringo Inc. (AMEX: VRNG) in their lawsuit against AOL Inc. (NYSE: AOL) and VirnetX (ASE: VHC) in their case against Apple Inc. (NASDAQ: AAPL), Blue Calypso is a stock worth watching closely as this date approaches. Successful litigation could set the stage for similar outcomes against many other companies in the space.
“We believe that there may be a significant and growing number of companies infringing our patents. We intend to pursue every legal remedy at our disposal to protect our core intellectual property and have initially targeted companies that are leaders in various business segments where we compete. A successful outcome would prove out the value of our intellectual property portfolio and validate the market potential of Blue Calypso’s technologies,” said Bill Ogle, Chairman and Chief Executive Officer of Blue Calypso in the recent press release.
Companies in this situation, depending on the results of the Markman hearing, will often settle out of court rather than endure the time and expense of extended litigation. Terms of these settlements often include licensing agreements that allow the company being sued to continue using the technology in exchange for ongoing fees. In this case against LivingSocial, as well as the pending cases against Groupon, Foursquare, Yelp, IZEA and MyLikes, Blue Calypso shareholders would likely benefit greatly from such an arrangement.
“We are confident that Claim Construction Hearings will be scheduled for each of these cases toward the end of 2013, with full jury trials expected in mid-2014, if licensing agreements or other remediation is not achieved prior to litigation,” added Mr. Ogle in the press release, when discussing the actions against other companies in the space.
These cases are being represented by recognized leaders in patent protection and litigation, including Farney Daniels P.C. in its claim against LivingSocial, and Fish & Richardson P.C. in its claims against Groupon, Foursquare, Yelp, IZEA and MyLikes.
Click here to read the full release - http://finance.yahoo.com/news/blue-calypso-announces-litigation-markman-120000968.html