PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM) Files An 8-K Other EventsItem 8.01. Other Events
On August 8, 2017, the U.S. District Court for the District of Nebraska granted Sprint Spectrum LP’s motion for relief from the June 2015 judgment in favor of Prism Technology Group’s subsidiary, Prism Technologies LLC (“Prism LLC”). to Rule 60 of the Federal Rules of Civil Procedure, the district court set aside the $30 million judgment in favor of Prism LLC. The Company is evaluating its options in light of the district court’s order.
About PRISM TECHNOLOGIES GROUP, INC. (NASDAQ:PRZM)
Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The Company’s subsidiary is Prism Technologies, LLC (Prism). Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC. Prism also operates an intellectual property licensing and enforcement business. The Company and its subsidiaries own a portfolio of patents with over 50 issued patents in the areas of computer and network security, semiconductors and medical technology. The Company’s patent portfolio includes Gregg Patents for device authentication and access to protected resources; Glazer Patents for image recognition and Website authentication; Weber Patents for multiple screen computer display; Pugh Patents for synthetic biomaterial compound; Wallace Patents for encrypted cookies, and Quizid Patents for authentication tokens.