A Delaware judge has upheld a federal jury's verdict of patent infringement against LendingTree Inc. U.S. District Court Chief Judge Sue Robinson also raised the damages award by 50 percent to $8.7 million, as well as awarding pre- and post-judgment interest. Houston-based IMX Inc., a mortgage industry software provider, received the favorable jury verdict in its patent lawsuit against Charlotte-based LendingTree after a two-week trial last January. The jury found LendingTree had willfully infringed an IMX patent that provides an Internet-accessible, interactive, real-time network through which borrowers and lenders exchange information to secure loans, according to IMX officials.

Posted by GEN-ERIC at 03:01:23 am into the following categories: In The News

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