IA Labs Loses Patent Portfolio to Nintendo after Nintendo Wins Patent Lawsuit
Posted on 10 years ago by Brian(@NE_Brian) in General Nintendo, News | 3 Comments
Way back in April 2010, IA Labs sued Nintendo for patent infringement. The lawsuit never progressed as in February 2012, Nintendo put on a strong defense and obtained judgment in its favor.
IA Labs attempted to follow up with an appeal. However, in June 2013, the appeals court confirmed Nintendo’s win and was required to pay the company’s additional costs incurred in defending the appeal.
IA Labs did not end up paying the amount as ordered. As a result, a sheriff’s sale was conducted to sell IA Labs’ remaining assets. Nintendo was able to, in the process, acquire IA Labs’ entire patent portfolio at that sale as partial repayment for litigation costs.
You can find Nintendo’s full announcement concerning today’s news below.
