FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other Events

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Files An 8-K Other Events

Story continues below

Item 8.01. Other Events.

On March 24, 2017, Finjan Holdings, Inc. (the Company) announced
that Finjan, Inc., its wholly-owned subsidiary (Finjan), and
Avast Software s.r.o., a company organized under the laws of the
Czech Republic (Avast), have reached an agreement (the Agreement)
that upon Avasts satisfaction of certain terms, Finjan will
dismiss its breach of contract and patent infringement claims,
filed in the U.S. District Court for the Northern District of
California (Case No. 3:17-cv-00283-BLF), against Avast and its
newly acquired subsidiary, AVG Technologies, with prejudice.
Under the terms of the Agreement, Avast is to pay Finjan $7.745
million in cash on or before March 24, 2017. The specific terms
of the Agreement are confidential.
A copy of the press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d)
Exhibits.
Exhibit No.
Description
99.1
Press Release, dated March 24, 2017, entitled Finjan
and Avast End Dispute with Amicable Resolution.


FINJAN HOLDINGS, INC. (NASDAQ:FNJN) Recent Trading Information

FINJAN HOLDINGS, INC. (NASDAQ:FNJN) closed its last trading session 00.00 at 1.48 with 53,817 shares trading hands.

An ad to help with our costs