Forgent Networks Inc., which provides scheduling software and licenses intellectual property, reported Monday it has agreed in principle to settle a patent lawsuit against DirecTV Group Inc. for $8 million. According to the agreement, which was effective May 13, the companies will "work in good faith to reach a final definitive settlement agreement," which will include an $8 million payment by DirecTV. Forgent has also agreed to grant DirecTV a patent license. Forgent, based in Austin, Texas, initiated patent lawsuits in July 2005 against 15 companies in the U.S. District Court for the Eastern District of Texas. The company sought an injunction against sales of products infringing on the patent and monetary damages.

Posted by GEN-ERIC at 12:09:48 am into the following categories: In The News

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