VoIP-Pal Provides the Current Schedule for Litigation of Their Patent Infringement Lawsuits in the Western District of Texas
Rhea-AI Summary
VoIP-Pal.com Inc. (OTCQB: VPLM) announced on December 14, 2021, that the Court in the Western District of Texas has lifted a stay and approved a new trial schedule in patent litigation cases. Key dates include:
- May 17, 2022: Markman Hearing
- May 16, 2023: Jury Selection/Trial
CEO Emil Malak expressed optimism about reaching trial, emphasizing the goal of having patents tested in court. The company, which owns VoIP technology patents, aims to monetize these assets, but acknowledges inherent risks in patent litigation.
Positive
- Court lifted stay in patent litigation, allowing for trial preparation.
- Trial date set for May 2023, providing clarity to investors.
Negative
- Patent litigation involves risks and uncertainties that may affect monetization.
- Inability to predict specific outcomes of litigation may cause concerns for investors.
News Market Reaction – VPLM
In the trading session that priced this news, VPLM gained 11.57%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Trial is scheduled for May 2023
WACO, Texas, Dec. 14, 2021 (GLOBE NEWSWIRE) -- VoIP-Pal.com Inc. (“VoIP-Pal”, “Company”) (OTCQB: VPLM) is pleased to announce the Court in the Western District of Texas (WDTX) has granted the Joint Motion to Lift Stay and Proposed Schedule filed by the parties in Case Nos. 6:20-cv-267-ADA, 6:20-cv-269-ADA, 6:20-cv-272-ADA. Below are some of the key dates from the scheduling order. The complete litigation schedule has been posted on the Company website and can be accessed here.
- May 17, 2022, Markman Hearing at 9:00 a.m.
- May 18, 2022, Fact Discovery opens; deadline to serve Initial Disclosures per Rule 26(a)
- December 2, 2022, Close of Fact Discovery
- April 4, 2023, File Joint Pretrial Order and Pretrial Submissions (jury instructions, exhibits lists, witness lists, discovery and deposition designations); file oppositions to motions in limine
- April 25, 2023, Final Pretrial Conference. The Court expects to set this date at the conclusion of the Markman Hearing
- May 16, 2023, Jury Selection/Trial. The Court expects to set these dates at the conclusion of the Markman Hearing
VoIP-Pal CEO, Emil Malak said, “While we still have 17 months until our trial date, we are very pleased that the end is in sight. Our objective since we began this fight has been to have our day in court so our patents could be tested on their merits. 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, Texas. 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 |
