May 29, 06:12 PM

Texas Jury Finds Fortress Investment Group Controls VLSI Technology and Finjan, Aiding Intel’s Bid to Avoid $3 Billion Patent Verdicts

A Texas federal jury has determined that Fortress Investment Group controls patent monetizer VLSI Technology LLC, a finding that could influence Intel Corp.'s ongoing legal battle over patent infringement. Intel has faced verdicts totaling more than $3 billion related to alleged infringements of VLSI's patents. During the trial, Intel argued that Fortress's authority to override VLSI's financial decisions, including the power to deny requests for money, demonstrates actual control over VLSI. The jury's decision supports Intel's position, potentially allowing the company to avoid the substantial patent verdicts. Additionally, the jury found that Fortress Investment Group also controls Finjan, another entity involved in the dispute. The next step involves a judge deciding whether Intel can invoke its license agreement with Finjan to escape the infringement findings against VLSI. The three-day trial centers on the relationship between Fortress and these patent holders and its implications for Intel's liability.

#Texas #Fortress Investment Group #VLSI Technology LLC #Intel #VLSI #Fortress #Finjan

Written with ChatGPT (GPT-4).

Texas Jury Finds Fortress Investment Group Controls VLSI Technology and Finjan, Aiding Intel’s Bid to Avoid $3 Billion Patent Verdicts

Sources

Additional media