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News Breaks
April 2, 2014
13:49 EDTRVBDSilver Peak confirms patent win against Riverbed, seeks permanent injunction
A Delaware jury delivered a verdict Tuesday in favor of Silver Peak in a trial in which Silver Peak asserted infringement of two of its patents against Riverbed. Silver Peak intends to seek a permanent injunction against the features of Riverbed’s RiOS and Steelhead devices covered by the Silver Peak patents – “SDR-Adaptive,” as well as “Enhanced Auto-Discovery” when used in combination with “Full Transparency.” The jury in the United States District Court for the District of Delaware found that one Silver Peak patent – U.S. Patent No. 7,945,736 – was directly infringed under the Doctrine of Equivalents and was also contributorily infringed by Riverbed. The validity of that patent was not challenged at trial. The jury also found that Riverbed induced infringement of a second Silver Peak patent – U.S. Patent No. 7,948,921 – and rejected an invalidity challenge to that patent. The court had previously granted summary judgment of direct infringement of that patent by Riverbed. Riverbed initiated the litigation in 2011. The asserted claims of two of the patents originally asserted by Riverbed were invalidated in inter partes reexamination before the United States Patent and Trademark Office, and Riverbed’s claims have been stayed by the court while those decisions are being appealed.
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September 17, 2014
11:47 EDTRVBDRiverbed's Scott Downie departs company to join Illumio, Re/code says
Scott Downie, who has run Riverbed's customer support operations for nearly nine years, has left the company to join security startup Illumio, Re/code reports. Reference Link
September 12, 2014
20:39 EDTRVBDRiverbed announces developments in litigation with Silver Peak
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20:35 EDTRVBDJudge upholds infringement verdict against Riverbed in favor of Silver Peak
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September 10, 2014
12:42 EDTRVBDElliott says $21/share Riverbed offer stands, board not working with holders
Elliott Management issued a public statement regarding Riverbed Technology, stating in part: “Riverbed’s announcement today sends a clear message to shareholders: We don’t care what you think...Going against every modern principle of shareholder engagement and good corporate governance, Riverbed’s Board has decided to ignore the wishes of shareholders on every count. The Board didn’t just ignore the larger message to stop entrenching and engage. It even decided to keep the Board member that was voted off, failed to articulate any meaningful changes to the compensation plan, and chose to keep its poison pill. Above all, the Board continues to ignore serious acquisition interest even after the company publicly admitted that it will miss its “10% growth plan” by a wide margin...We have tried to engage with this Board, and our cash offer of $21 per share for Riverbed still stands. However, the Board’s decision today indicates that these directors are simply not interested in working with shareholders constructively. As one of the company’s largest shareholders, we intend to remain fully engaged, and we will continue to work toward a value-maximizing outcome.”
12:39 EDTRVBDElliott says $21 per share offer for Riverbed still stands
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12:39 EDTRVBDElliott says Riverbed board not interested in working with shareholders
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08:33 EDTRVBDRiverbed affirms commitment to corporate governance enhancements
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08:31 EDTRVBDRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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