PetMed Express is to pay an undisclosed sum to settle patent litigation over telephone technology. Bruce S. Rosenbloom, chief financial officer at the Pompano Beach, Fla.-based pet pharmacy, said a confidentiality agreement prevents PetMed from disclosing the amount of the settlement. However, he said if it was a material sum, PetMed would have to disclose it. There is no disclosure coming, he added. "It's basically related to using telephone touch key pads for ordering," he said of the patent infringement suit filed in August 2000. The funds entitle PetMed to a nonexclusive license to use the system.

Posted by GEN-ERIC at 12:11:41 am into the following categories: In The News

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