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News Breaks
December 19, 2012
08:16 EDTRPXC, EKDKQEastman Kodak announces sale of patents to consorium organized by IV, RPX
Eastman Kodak Company (EKDKQ) has completed a series of agreements that successfully monetizes its digital imaging patents. The proposed transaction, which achieves one of Kodak’s key restructuring objectives, follows other recent major accomplishments that include an agreement for interim and exit financing for the company’s emergence from its Chapter 11 restructuring, and resolution of U.S. retiree non-pension benefits liabilities. Kodak’s monetization of IP assets further builds on its momentum toward a successful emergence in the first half of 2013. Under the agreements, Kodak will receive approximately $525M, a portion of which will be paid by 12 intellectual property licensees organized by Intellectual Ventures and RPX Corporation (RPXC), with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents. Another portion will be paid by Intellectual Ventures, which is acquiring the digital imaging patent portfolio subject to these new licenses, as well as previously existing licenses. The transaction also includes an agreement to settle current patent-related litigation between the participants and Kodak, which avoids additional litigation costs and helps to ensure that management and the company’s resources focus on enhancing the operations of its core future businesses. The proposed transaction is subject to the approval of the Bankruptcy Court and the satisfaction of certain customary conditions.
News For EKDKQ;RPXC From The Last 14 Days
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November 10, 2014
09:02 EDTRPXCRPX Corp. announces patent insurance for small, emerging growth companies
RPX Corporation announced that emerging growth companies will now be able to purchase affordable insurance designed to reduce the risks and costs created by patent infringement lawsuits filed by non-practicing entities, often called patent trolls. RPX research shows that more than 60% of companies involved in NPE patent infringement lawsuits in 2013 had revenues less than $100 million. This new insurance will allow small and early-stage companies to focus their finite resources on building their businesses, unfettered by the costly diversions posed by NPE litigation.

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