Unwired Planet Aktie

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WKN DE: A1JX95 / ISIN: US91531F1030

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21.10.2013 12:46:39

Unwired Planet Files Patent Infringement Complaint Against Square

(RTTNews) - Unwired Planet Inc. (UPIP), through its Nevada-based subsidiary, Unwired Planet LLC, announced Monday that it has filed a patent infringement complaint against Square, Inc. in the U.S. District Court for the District of Nevada.

The suit was filed by Unwired Planet to protect the Cloud & Services portion of its intellectual property or IP licensing business. In the complaint filed in Reno, Nevada, Unwired Planet charges Square with infringing three of its patents related to location-based services and mobile payments.

Unwired Planet has partnered with Morgan Lewis under an alternative fee arrangement. The arrangement involves a combination of fixed and success payments which begin the first quarter of the company's fiscal year 2015.

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