BB: BlackBerry (fka RIMM: Research in Motion) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)

BB 2.350

0.0%

3:59 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: kidl	6/8/2023 12:55:50 PM
	of 1803

Globe says fight erupts over sale of BlackBerry patents BlackBerry Ltd (C:BB) Shares Issued 583,226,580 Last Close 6/7/2023 $6.92 Thursday June 8 2023 - In the News The Globe and Mail reports in its Thursday edition that the company that failed to close a deal to buy BlackBerry's legacy smart phone patents is trying to unwind the subsequent sale by the Canadian company to another purchaser and get a second chance to buy the intellectual property. The Globe's Sean Silcoff writes that Catapult IP Innovations on Tuesday filed a complaint against Malikie Innovations in the U.S. District Court for the Eastern District of Virginia, seeking an order compelling the defendant "to participate in arbitration to resolve disputed ownership" over roughly 32,000 patents Malikie bought from BlackBerry this year. In its complaint, Catapult said its action "is made necessary because of a breach of contract" by BlackBerry, which is not a party in the matter. The Baltimore-based, Delaware-registered plaintiff disclosed it also began a separate arbitration process against BlackBerry as laid out in their original contract. Catapult stated it believes the Malikie deal is invalid and that BlackBerry breached their original contract. It is asking a New York arbitration panel to unwind the deal "and to convey the patents to Catapult instead." Malikie's Dublin-based parent is Key Patent Innovations. © 2023 Canjex Publishing Ltd.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next