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http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPxCkudBOi_8
C2 Communications Technologies Inc. Settles Lawsuit Against Sprint
SPRINT AGREES TO LICENSE C2'S PATENTS
MARSHALL, TEXAS -- (MARKET WIRE) -- 06/04/08 -- C2 Communications Technologies Inc. ("C2"), a subsidiary of C2 Global Technologies Inc. (OTCBB: COBT), is pleased to announce that it has settled its patent infringement litigation against Sprint Communications Co. L.P. by entering into a Settlement and License Agreement. The terms of the license are confidential.
In June 2006, C2 filed a patent infringement lawsuit against AT&T, Inc., Verizon Communications, Inc., Qwest Communications International, Inc., Bellsouth Corporation, Sprint Nextel Corporation, Global Crossing Limited, and Level 3 Communications, Inc. The complaint was filed in the Marshall Division of the United States District Court for the Eastern District of Texas and alleges that the defendants' services and systems utilizing Voice over Internet Protocol ("VoIP") infringe C2's U.S. Patent No. 6,243,373, (the "'373 Patent") entitled "Method and Apparatus for Implementing a Computer Network/Internet Telephone System". The complaint seeks an injunction, monetary damages and costs. In February 2008, the complaints against AT&T, Inc. and Verizon Communications, Inc. were settled by entering into Settlement and License Agreements. A trial date of September 2, 2008 has been set for the lawsuit.
Allan Silber, Chairman & CEO of C2 said "We are extremely pleased with the success achieved in licensing our patents to companies with the stature of AT&T, Verizon and Sprint. This puts us in an excellent position to aggressively pursue licenses from other entities that are using our patented technology, which includes corresponding patents in Australia, Canada, China and Europe."
C2 Global Technologies Inc. is a subsidiary of Counsel Corporation (TSX: CXS).
About C2 Global Technologies Inc.
C2's business is focused on licensing its patents, which include two foundational patents in Voice over Internet Protocol ("VoIP") technology. C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. C2 also invests in Internet-based e-commerce businesses. For further information, please visit C2's website at www.c-2technologies.com.
Also on: biz.yahoo.com/e/130814/hgbl10-q.html
In June 2006, C2 Communications Technologies Inc. ("C2 Technologies"), a wholly-owned subsidiary of the Company, filed a patent infringement lawsuit against seven major U.S. telecommunications carriers, which alleged that these companies' VoIP services and systems infringed the VoIP Patent. The litigation resulted in the Company entering into settlement and license agreements in 2008, for which CRBCI was paid $17,625 in aggregate, whereby CRBCI granted the defendants non-exclusive, perpetual, worldwide, fully paid up, royalty-free licenses under any of CRBCI's present patents and patent applications, including the VoIP Patent, to make, use, sell or otherwise dispose of any goods and services based on such patents.
In August 2009, C2 Technologies filed a similar lawsuit against PAETEC Corporation, Matrix Telecom, Inc., Windstream Corporation, and Telephone and Data Systems, Inc., alleging that the defendants' services and systems utilizing VoIP infringe the Company's U.S. Patent No. 6,243,373. The complaint sought an injunction, monetary damages and costs. In the fourth quarter of 2009, the complaint against Matrix Telecom, Windstream Corporation and Telephone and Data Systems, Inc. was dismissed without prejudice. A trial date was set for March 13, 2013, but in the first quarter of 2013 the Company entered into a settlement and license agreement with the remaining defendant for a payment of $200 on similar terms to the litigation discussed above.
The Company's segments are discussed in more detail in Note 12 of the unaudited condensed consolidated interim financial statements.
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