Connect with us

Companies

PeerStream (OTC:PEER) updates patent infringement lawsuit status

Tony Zerucha

Published

on

PeerStream (OTC:PEER), a blockchain-based internet solutions provider, this week announced that the Patent Trial and Appeal Board (PTAB) of the United States Patent and Trademark Office held a hearing on February 13 in connection with the previously announced patent infringement lawsuit against Riot Games and Valve Corporation.

On Dec. 16, 2016, a wholly owned PeerStream subsidiary, Paltalk Holdings, filed a patent infringement lawsuit in Delaware against Riot Games and Valve Corporation for infringement of U.S. Patent Nos. 5,822,523 and 6,226,686 with respect to their online games League of Legends and Defense of the Ancients 2. These two patents were previously asserted against, and then licensed to, Microsoft, Sony, and Activision. In 2018, Valve Corporation moved to transfer the litigation from Delaware to the Western District of Washington. Such motion was granted by the court.  The Riot Games litigation remains in Delaware.

On Nov. 2, 2017 Riot Games filed a total of four (two per patent held by Paltalk) petitions for inter partes review, which is a trial proceeding conducted by the PTAB, seeking to have the Paltalk patents declared invalid. On May 15, 2018, inter partes review was instituted, and on Feb. 13, 2019, the PTAB held a hearing on the matter. Pursuant to U.S. patent laws and subject to certain exceptions, a final determination by the board as to the validity of the patents will be issued by May 15, 2019. 

In 2010, a reexamination proceeding was instituted against patents 5,822,523 and 6,226,686 which resulted in both patents being reaffirmed as valid patents as well as numerous additional claims being added to the patents. 

“As previous claims against these two important patents were asserted against, and then licensed to Microsoft, Sony, and Activision, we believe patents 5,822,523 and 6,226,686 constitute innovative and valuable intellectual property and look forward to the PTAB’s decision,” PeerStream CEO Alex Harrington said.

The material is not to be construed as an offer or a recommendation to buy or sell a security. See full Terms of Service.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

Continue Reading

Latest

Companies