From Palm247:
NTP, the company behind the epic patent infringement lawsuit against BlackBerry maker Research In Motion, is now going after Palm.Read more at Yahoo and at CNet.
In a lawsuit filed in U.S. District Court in Virginia Monday, NTP asserted that Palm's products, services, systems and processes infringe NTP's patents. NTP is looking for an injunction on the sale of Palm products that supposedly violate its patents, as well as monetary damages.
Donald E. Stout, NTP's co-founder, said, "We have attempted -- on numerous occasions -- to resolve this issue with Palm without resorting to litigation that is both time consuming and costly. Despite our efforts, Palm has chosen to continue to unlawfully infringe on our patents. Though we would still prefer to resolve this issue with Palm in a negotiated license agreement that is fair and reasonable to both parties, we are filing action today as a last resort to protect our valuable intellectual property."
The company settled a multiyear legal ordeal with RIM earlier this year for $612.5 million after alleging that RIM's BlackBerry devices and wireless e-mail service infringed on NTP's patents.
Palm's stock price is down nearly 8% for the day on the news.
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