VoIP-Pal Files Motion for Reconsideration in the Mobile Gateway Patent Cases
Rhea-AI Summary
VoIP-Pal, Inc. (OTCQB: VPLM) has filed a motion for reconsideration in two major patent infringement cases against Verizon Communications and T-Mobile USA in the U.S. District Court for the Western District of Texas, Waco Division. The motion seeks to reconsider the court's final judgment of noninfringement regarding VoIP-Pal's Mobile Gateway patents. Emil Malak, CEO of VoIP-Pal, emphasized the company's commitment to defending its intellectual property rights and believes the motion will allow for a thorough evaluation of key legal and technical issues. The company continues to assert the strength and validity of its patents while working through the legal process to protect its innovative technologies.
Positive
- VoIP-Pal is actively defending its intellectual property rights
- The company is pursuing legal action against major telecommunications companies
- Management expresses confidence in the strength of their Mobile Gateway patents
Negative
- The company faces a previous court judgment of noninfringement
- Ongoing legal battles may result in increased expenses for VoIP-Pal
- Uncertain outcome of the motion for reconsideration
News Market Reaction 1 Alert
On the day this news was published, VPLM declined 4.63%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
WACO, Texas, Sept. 17, 2024 (GLOBE NEWSWIRE) -- VoIP-Pal, Inc. (OTCQB: VPLM), a leading innovator in internet communications technology, today announced that it has filed a motion for reconsideration in two major patent infringement cases: VoIP-Pal.com, Inc. v. Verizon Communications, Inc., et al., Case No. 6:21-cv-672-ADA, and VoIP-Pal.com, Inc. v. T-Mobile USA, Inc., Case No. 6:21-cv-674-ADA. The cases are pending in the U.S. District Court for the Western District of Texas, Waco Division.
The motion seeks a reconsideration of the court’s final judgment of noninfringement. VoIP-Pal remains committed to defending its intellectual property rights and believes that the reconsideration motion will allow for a thorough evaluation of the key legal and technical issues at the heart of these cases.
“We continue to stand behind the strength and validity of our Mobile Gateway patents,” said Emil Malak, CEO of VoIP-Pal. “This motion for reconsideration is an important step in ensuring that our innovative technologies are properly protected. We continue to work through the legal process to safeguard our technology and ensure fair recognition of their contributions to the industry. Patience is a virtue.”
About VoIP-Pal.com Inc.
VoIP-Pal.Com, Inc. (“VoIP-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Waco, TX. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize.
Any forecast of future financial performance is a “forward looking statement” under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment. While the Company believes in the circumstances that legal action is needed to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize the patents. We recognize that it is impossible to predict the specific outcomes of litigation.
Corporate Website: www.voip-pal.com
IR inquiries: IR@voip-pal.com
IR Contact: Rich Inza (954) 495-4600
FAQ
What legal action has VoIP-Pal (VPLM) taken regarding its patent infringement cases?
What is the purpose of VoIP-Pal's motion for reconsideration filed on September 17, 2024?
What did Emil Malak, CEO of VoIP-Pal (VPLM), say about the company's patents?
Which court is handling VoIP-Pal's (VPLM) patent infringement cases against Verizon and T-Mobile?
