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.
