XM does not provide services to residents of the United States of America.

IBM settles lawsuit against Rakuten over e-commerce patents



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>IBM settles lawsuit against Rakuten over e-commerce patents</title></head><body>

By Blake Brittain

June 17 (Reuters) -International Business Machines Corp IBM.N has settled a lawsuit accusing Japan's Rakuten 4755.T of infringing IBM patents related to e-commerce technology, Delaware federal court records showed on Monday.

U.S. District Judge Gregory Williams said in an oral order that he was "pleased to hear that the parties have reached an agreement to settle this case," according to an entry on the court's docket.

Spokespeople for IBM and Rakuten did not immediately respond to requests for comment and more information about the settlement.

The case had been set to go to trial June 24.

Armonk, New York-based IBM sued Rakuten in 2021, alleging that technology on Rakuten's shopping website and mobile apps for providing cash-back offers infringed its patents. According to the complaint, IBM tried to negotiate a license with Rakuten for nearly six years without success.

Rakuten denied the allegations and argued that the patents were invalid.

IBM won an $83 million jury verdict against Groupon GRPN.O in a separate case in 2018 for infringing some of the same patents. Groupon later paid IBM $57 million to settle the case.

IBM dropped a related lawsuit against pet-food seller Chewy in March.

The case is International Business Machines Corp v. Rakuten Inc, U.S. District Court for the District of Delaware, No. 1:21-cv-00461.

For IBM: John Desmarais, Karim Oussayef, Lindsey Miller, Kerri-Ann Limbeek and Michael Rhodes of Desmarais

For Rakuten: Joshua Raskin, Julie Bookbinder and Benjamin Schladweiler of Greenberg Traurig


Read more:

IBM sues Rakuten for allegedly infringing e-commerce patents


</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.