A Federal Court in New Jersey on Wednesday ruled on summary judgment that the contractor/homeowner matching service operated by InterActiveCorp's (IAC) subsidiary Service Magic, Inc. infringes a patent held by Source Search Technologies, LLC (SST). The Court rejected Service Magic's request to dismiss the infringement claim, characterizing a Service Magic argument as "beyond comprehension." SST is presently in litigation to enforce the patent against Service Magic and LendingTree, both IAC subsidiaries. "This is a big step forward for us against a defendant who has continually denied that they are infringing. We are confident our infringement claim against LendingTree will yield the same result" says Keith Giovannoli, Managing Partner of SST. SST owns patented technology which allows for the efficient matching of buyers and sellers over a computerized system.

Posted by GEN-ERIC at 12:11:42 am into the following categories: In The News

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