LML Settles Litigation With the Bank of New York Mellon and First National Bank of Omaha
VANCOUVER, British Columbia, Oct. 8, 2010 (GLOBE NEWSWIRE) -- LML Patent Corp. ("LML"), a wholly-owned, indirect subsidiary of LML Payment Systems Inc. (the "Corporation") (Nasdaq:
LMLP -
News)
announced today that it has received total payment in the amount of $5,150,000 and has entered into Settlement and License Agreements (the "Agreements") with each of The Bank of New York Mellon ("BNYM") and First National Bank of Omaha and First National Merchant Solutions, LLC (collectively, "First National") with respect to litigation filed by LML in the U.S. District Court for the Eastern District of Texas alleging that each of BNYM and First National infringed U.S. Patent No. RE40,220.
The Agreements provide each of BNYM and First National with a fully paid-up license to certain LML patents for electronic check conversion transactions including "ARC," "WEB," "POP," "TEL" and "BOC."
"We are extremely pleased to have settled our litigation with both BNYM and First National and
we welcome them as valued licensees," said Patrick H. Gaines, chief executive officer.
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Quello che hanno ricevuto oggi è pari a 5 volte i profitti realizzati nell'ultimo anno
Nel report vi avevo detto che in queste dispute, grazie alla loro ottima tecnologia brevettata, sono quasi imbattibili
Bene oggi fino ad ora +40%, ovviamente sono proventi non recourring ossia non ripetibili a meno di altre questue hehehhe ma sempre un pacco di soldi sono
