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Patent Infringement

Technology Company


vs.


Fortune 500 Company

LexShares Investment

$3,775,000

Case Type

Patent Infringement

Jurisdiction

State

Case Details

Over the course of a multi-year partnership, during which the plaintiff, a technology firm, disclosed all of its intellectual property, the defendant abruptly ended the relationship. The plaintiff’s IP included its patent applications, patented technology and, during the partnership, had been directing all of its internal resources to the partnership. Soon after ending the partnership, the defendant allegedly introduced and commercialized competing technology products. After several years of litigating, the defendant claimed it had discontinued the infringing products with new versions that did not infringe on the plaintiff's patents--however, the plaintiff now alleges the defendant merely implemented superficial changes on the same, infringing versions.

Funding Impact

The plaintiff, a thinly capitalized technology company, had already exhausted their legal budget related to the same claim over the course of a multi-year litigation. Financing for this case had fallen through prior to a new complaint being filed. LexShares provided $3,775,000 in litigation funding at a critical time to finance the firm's working capital and legal expenses during the second litigation proceeding.
Case at a glance
Law Firm
Am Law 100 firm
Engagement Structure
Capped hourly fees
Plaintiff
Technology company providing software solutions services with widespread applications across multiple industries and internet-enabled devices
Defendant
Fortune 500 technology conglomerate
Case Stage at Investment Date
Pre-litigation

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