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DealerTrack Settles Patent Infringement Suit With RouteOne

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HunterSwift   Friday, 10/05/12 01:51:21 PM
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DealerTrack Settles Patent Infringement Suit With RouteOne

10/5/2012 9:52 AM ET
(RTTNews) - DealerTrack Holdings,Inc. (TRAK:Quote), a web-based software solutions provider, Friday said it settled the patent infringement case with RouteOne LLC. The company said it plans to file a stipulation of dismissal in a District Court in California thereby renouncing all claims it made in the suit against RouteOne in 2004.

"We're pleased to have preserved the strength of our patents, while achieving a successful outcome to the litigation and is a big win for our clients," stated Mark O'Neil, chairman and chief executive officer, at DealerTrack.

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