Suffern, NY (PRWEB) September 23, 2009 -
General Patent Corporation (GPC), a leading patent licensing and enforcement firm, has announced today on behalf of its client, ShopNTown, LLC, that a settlement has been reached in patent infringement litigation between ShopNTown and Landmark Media Enterprises, LLC (Landmark), a diversified media and communications company headquartered in Norfolk, Virginia. General Patent, which represents ShopNTown as its exclusive licensing agent, was involved with the negotiations of the settlement agreement.
ShopNTown, an e-commerce company based in Lombard, Illinois, owns U.S. Patent No. 6,968,513 titled "On-Line Localized Business Referral System and Revenue Generation System." With the assistance of General Patent, ShopNTown brought a lawsuit for patent infringement against Landmark in November of 2008 in the U.S. District Court for the Eastern District of Virginia (Civil Action No. 2:08-cv-00564). GPC negotiated a settlement agreement on behalf of ShopNTown under which Landmark and its affiliates received a license to the ShopNTown patent. Terms of the agreement remain confidential.
"We are very pleased to have reached an amicable settlement for our client ShopNTown," said Ed Gomez, Chief IP Counsel for General Patent Corporation.
ShopNTown was represented by the law firm Proskauer Rose LLP in the lawsuit.
About General Patent Corporation
General Patent Corporation (GPC), headquartered in Suffern, New York, is a premier IP boutique focusing on patent licensing and enforcement. GPC assists clients in patent infringement claims and patent litigation on a contingency basis. General Patent is the oldest patent enforcement organization in the US. GPC also provides IP strategy, IP valuation, patent brokerage, technology transfer and other IP advisory services. GPC represents ShopNTown as its exclusive licensing agent. For more information, visit http://www.generalpatent.com.