Intellectual Property
Patent Infringement
Network-1 Security Solutions Inc. v. NEC Corporation, et al.
Published: Mar. 2, 2013 | Result Date: Feb. 15, 2013 | Filing Date: Jan. 1, 1900 |Case number: 6:13-cv-00075 Settlement – Equitable Settlement
Court
USDC Texas
Attorneys
Plaintiff
Defendant
Facts
Network-1 Security Solutions Inc. filed a patent infringement lawsuit against NEC Corp. and NEC Corp. of America and other manufacturers for infringement of its Remote Power Patent. This patent related to delivering power over Ethernet cables to remotely power network connected devices.
Result
The parties agreed to a settlement wherein NEC entered into a non-exclusive license agreement for the Remote Power Patent that would expire in March 2020 and agreed to pay a license initiation fee as well as royalties.
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