---- Amazon paying $40 million for ecommerce patent settlement
techrealm - 9:17 am on Aug 12, 2005 (gmt 0)
Spotted this article in the Seattle Times. "Amazon.com, the world's largest Internet retailer, agreed to pay $40 million to Soverain Software to settle two lawsuits over patents related to online shopping."
I wonder if and when this will affect all the major players in the ecommerce software side.
"We entered the settlement for the purposes of ending the litigation and avoiding the expenses of continuing the litigation," said Patricia Smith, a spokeswoman for Amazon.com. "We continue to deny any wrongdoing."
Amazon.com settled yesterday, before jury selection was to begin next week in federal court in Tyler, Texas, said Kenneth Adamo, a lawyer for closely held Soverain. Soverain, based in Chicago, sued Amazon.com last year, accusing it of infringing five patents tied to online payment and identification of users.
[edited by: Brett_Tabke at 1:55 pm (utc) on Aug. 12, 2005] [edit reason] left quote [/edit]