Verisign, RealNetworks Arbitration Overturned; Real ‘Not Responsible’ For Any Damages
-
Comments (View)
- Text Size: A A
-
Email
-
Share
The long-standing legal spat between RealNetworks (NSDQ: RNWK) and VeriSign (NSDQ: VRSN) over a mobile messaging partnership the two companies brokered back in 2001 has been resolved—and not in the way that was originally expected. According to a newly-filed 8K, the original arbitration ruling in VeriSign’s favor has been overturned, with the arbitrator concluding that “RealNetworks is not responsible for any damages to VeriSign.”
SEE ALSO: RealNetworks Loses Arbitration Against VeriSign; May Have To Pay ‘Material’ Damages | paidContent
RealNetworks lost the original hearing regarding the deal back in July; that outcome meant the company might have ultimately been required to pay damages to VeriSign for “tortuously interfering” with VeriSign’s attempts to sell its mobile messaging business.
The new ruling reverses the previous one, dismissing “VeriSign’s related tortious interference claims”—finding that VeriSign “failed to prove” that RealNetworks’ conduct in advance of VeriSign’s sales attempts caused “any measurable damages.” We’ve contacted VeriSign for comment, but have not yet received feedback.
Posted In: Legal, Mobile, Companies, RealNetworks, verisign
YouTube Videos
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: