March 5, 2001, 12:00 AM

CoolSavings and Hot Coupons settle patent infringement suit

CoolSavings and Hot Coupons settled their patent infringement dispute over technology to distribute coupons over the Internet.

CoolSavings.com Inc. and Hot Coupons settled their patent infringement dispute. CoolSavings had initiated the suit against Hot Coupons in 1998 for infringement of CoolSavings` patent on "Interactive Marketing Network and Process Using Electronic Certificates." Although specific terms of the agreement were not disclosed, Hot Coupons has been granted a limited, royalty-bearing license and an option to an unlimited license, which together would allow for future offerings based on CoolSavings technology. Since securing the CoolSavings process patent in 1998, the company has filed nine lawsuits in federal court in Chicago, all asserting infringement of CoolSavings` patent covering technology for distributions of coupons via the Internet. Since that time, CoolSavings has successfully settled seven of these suits with defendants including planetU, E-Centives and iVillage.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Adrien Henni / E-Commerce

eBay and Russian Post accelerate cross-border deliveriies

EBay and Russian Post have signed a memorandum of cooperation aimed at reducing the time ...

FPO

Ernie Diaz / E-Commerce

Can Tencent win the mobile commerce battle with Alibaba?

The two Chinese Internet giants are increasingly encroaching on each other’s territories. A Beijing-based marketing ...

Advertisement