Voip Palcom Stock Price, News & Analysis

VoIP-Pal.com Inc. (OTCQB: VPLM) provided an update on its ongoing patent litigations. On September 3, 2021, the U.S. District Court for the Western District of Texas denied VoIP-Pal's motion to restrain Apple, AT&T, and Verizon from their 2021 declaratory-judgment actions in the Northern District of California. Additionally, the NDCA rejected Apple and AT&T's motions related to prior cases. VoIP-Pal also filed a reply brief with the U.S. Supreme Court concerning the invalidation of several patents. CEO Emil Malak expressed gratitude to shareholders for their continued support.

VoIP-Pal.com has filed a consolidated application and motion in the Western District of Texas against Apple, AT&T, and Verizon regarding its patents on VoIP technology. The filing includes a request for a temporary restraining order and a preliminary injunction to stop the defendants from pursuing separate legal actions related to the same patents in California. This legal action is part of VoIP-Pal's strategy to monetize its patent portfolio. However, the company acknowledges that patent litigation carries inherent risks and uncertainties.

VoIP-Pal.com Inc. (OTCQB: VPLM) has filed a petition for writ of certiorari with the U.S. Supreme Court regarding its patent cases against Apple and Amazon. The petition seeks to review the judgment from the Court of Appeals for the Federal Circuit, raising issues similar to those in the American Axle case. VoIP-Pal requests that the Supreme Court hold the petition until the American Axle decision is released, at which point it seeks a remand to the Federal Circuit. The petition is docketed as No. 20-1809.

Voip-Pal.com has initiated patent infringement lawsuits against major tech companies including Facebook, Google, Amazon, Apple, AT&T, Verizon, and T-Mobile in Waco, TX. The lawsuits assert infringement of patents concerning Voip-Pal's 'Mobile Gateway' technology, which enables optimized routing for mobile communication based on user location. This legal strategy aims to monetize its existing patent portfolio. However, the company acknowledges potential risks and uncertainties associated with litigation outcomes.

VoIP-Pal.com has made significant management changes, with CEO Emil Malak canceling his anti-dilution provision and returning over 621 million shares to the Company treasury. In exchange, he will receive warrants at $0.021 per share. This move aims to strengthen shareholder value, as Mr. Malak has also forgiven over $318,000 in accrued compensation. Additionally, the Company has granted up to 100 million options to purchase shares to new directors and advisors, exercisable at $0.025 for five years. These actions are geared towards enhancing VoIP-Pal's overall performance and commitment to its investors.

VoIP-Pal.com Inc. (OTCQB: VPLM) has appointed Kevin Williams as the new Chief Financial Officer and Director, bringing over 30 years of experience in various industries. The Company has relocated its U.S. operations to Waco, Texas, discontinuing the Bellevue office. D. Barry Lee resigned as CFO but will remain as an advisor. Two new independent directors, Dr. Ryan Thomas and Dennis Chang, have also been appointed. The leadership change is crucial for the Company as it aims to monetize its patent portfolio while navigating the complexities of patent litigation.

VoIP-Pal.com Inc. (OTCQB: VPLM) announced on March 2, 2021, that the U.S. District Court for the Northern District of California ordered parties to discuss alternative dispute resolution options. A joint statement is due by March 8, 2021. The company seeks to maintain a stay on Texas cases pending this resolution. Additionally, VoIP-Pal is exploring international monetization of its patents, owning rights in countries with a combined population of about 2.6 billion. CEO Emil Malak emphasized the importance of this patent portfolio for shareholders' benefit.

VoIP-Pal.com Inc. (OTCQB: VPLM) plans to file a motion for interlocutory appeal regarding the U.S. District Court's denial of its motion to dismiss for lack of personal jurisdiction in three pending cases. The company seeks early review to potentially overturn the decision and intends to maintain a stay in the Northern District of California and the Western District of Texas during the appeal process. CEO Emil Malak has published an op-ed discussing the ongoing legal battles and encouraging perseverance in their fight against Silicon Valley.

VoIP-Pal.com Inc. (OTCQB: VPLM) has faced a setback as the Court of Appeals for the Federal Circuit denied their petition for Writ of Mandamus against the U.S. District Court for the Northern District of California. CEO Emil Malak expressed disappointment, highlighting the challenges patent owners face in litigation. Despite winning twelve IPR challenges at the USPTO, VoIP-Pal's patents have not been favored in court, particularly in cases presided over a judge who criticized their patents. The company is currently exploring further legal options.