InvestorsHub Logo
Followers 363
Posts 14109
Boards Moderated 2
Alias Born 12/20/2009

Re: terry hallinan post# 628

Friday, 10/20/2017 11:26:41 AM

Friday, October 20, 2017 11:26:41 AM

Post# of 651
Hi Terry,

Must admit I sold some time ago. Company went back to dark again. As fars as the Google lawsuit concerns, seems they give up on that.

On March 17, 2014, Visual Real Estate, Inc., our wholly-owned subsidiary and successor to MVP as a result of a corporate reorganization, filed a patent infringement lawsuit against Google Inc. in the United States District Court for the Middle District of Florida. The lawsuit claims infringement of three of Visual Real Estate’s patents: U.S. Patent number 7,389,181, entitled “Apparatus and Method for Producing Video Drive-By Data Corresponding to a Geographic Location”; U.S. Patent number 7,929,800, entitled “Methods and Apparatus for Generating a Continuum of Image Data”; and U.S. Patent number 8,078,396, entitled “Methods for and Apparatus for Generating a Continuum of Three Dimensional Image Data.” Among other things, the complaint identifies Google Street View and Google Earth as infringing Visual Real Estate’s patents. The case number is 3:14-cv-00274-TJC-PDB. On August 20, 2014, Google, Inc. filed four petitions for InterParties Review (“IPR”) before the Patent Trial and Appeal Board (“PTAB”) challenging our patent infringement claims. On January 25, 2016, the PTAB issued a final written decision on the IPR which was not favorable to the Company. The ruling, indicating that the claims were too broad, invalidated our most valuable claims. Therefore, we have dropped the law suit. We are in the process of determining if we want to pursue a second lawsuit with a tighter claim suit that speaks to the value of the additional damages that relate to having the very simple innovation that we brought to market of typing in an address and identifying a specific parcel location and picture of a property.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.