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Stock Market & Financial Investment News

News Breaks
June 2, 2014
18:27 EDTLLNW, AKAMLimelight Networks confirms favorable Supreme Court ruling in patent case
Limelight Networks announced that the Supreme Court of the United States has issued an opinion in case No. 12-786, holding that Limelight Networks is not liable for inducing infringement. Details of the opinion are available here. In the opinion by Justice Samuel Alito, the court reversed an August 2012 ruling by a divided U.S. Court of Appeals for the Federal Circuit that held that there could be liability for induced infringement in cases when no party directly infringed a patent claim. The original lawsuit was filed in 2006. Many companies, organizations, and individuals have filed amicus briefs with the high court on Limelight’s behalf. “We are pleased with the Supreme Court’s unanimous decision,” stated Bob Lento, Limelight’s CEO. “By promoting clear rules governing liability for patent infringement, the Supreme Court’s decision is a win not only for Limelight, but also for innovators throughout the country. We appreciate the support received from so many others, and look forward to full resolution. As always, we remain focused on building our business with innovative offerings, and on providing our customers with the highest quality of service.”
News For LLNW;AKAM From The Last 14 Days
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February 8, 2016
13:45 EDTAKAMAkamai volatility elevated into Q4 and outlook
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January 31, 2016
20:43 EDTAKAMOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:44 EDTAKAMAutodesk, Akamai among top tech picks after January selloff, Barron's says
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January 26, 2016
14:02 EDTAKAM, LLNWLimelight Networks seeks Supreme Court review of Circuit's Akami decision
Limelight Networks (LLNW) is seeking review by the Supreme Court of the United States of the Federal Circuit's decision to reinstate the 2008 jury verdict that Limelight infringed an Akamai (AKAM) patent. Limelight filed its petition with the Supreme Court earlier. Limelight believes that the Federal Circuit's newly created conduct-attribution standard improperly expands the scope of liability in a fashion that was neither intended by Congress nor consistent with prior legal precedent. As the petition notes, prior to the August 2015 decision to reinstate the jury verdict, the Federal Circuit repeatedly ruled that the district court had correctly determined that Limelight did not infringe Akamai's patent. The court gave no adequate explanation for its sudden reversal. "The court's decision to abandon longstanding, clear and easy-to-follow rules of engagement in favor of an ambiguous 'particular facts presented' standard for infringement liability deprives parties of fair notice concerning the scope of patent protection and ensures a significant increase in needlessly burdensome litigation throughout the technology world," said Bob Lento, Limelight's chief executive officer. "We are hopeful that the Supreme Court will address this issue of extraordinary importance and reverse the Federal Circuit's rootless and erroneous standard. While we continue to pursue all available options, I want to thank our customers, peers in the industry and employees for their support. We remain focused on improving our operational and financial performance and will report our full year results on February 9th."

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