STRAIGHT PATH COMMUNICATIONS INC. (NYSEMKT:STRP) Files An 8-K Other Events
Item 8.01
| Other Events. |
On June 23, 2017, the United States Court of Appeals for the
Federal Circuit (CAFC) issued its opinion in the case entitled
Samsung Electronics Co., Ltd. (Samsung), Samsung Electronics Am.,
Inc., Cisco Systems, Inc.; (Cisco) Avaya, Inc. (Avaya); LG
Electronics, Inc. (LG); Toshiba Corp. (Toshiba); Vizio, Inc.
(Vizio); Hulu, LLC (Hulu); Verizon Services Corp.; and Verizon
Business Network Services Inc. (the Verizon affiliates,
collectively, Appellants) v. Straight Path IP Group, Inc., a
subsidiary of Straight Path Communications Inc. (the Registrant)
affirming the decision by the Patent Trial and Appeal Board of
the United States Patent and Trademark Office (the PTAB) that
held that Samsung failed to show that a majority of the claims of
U.S. Patent No. 6,009,469 (the 469 Patent) or any of the claims
in U.S. Patent Nos. 6,108,704(the 704 Patent) and 6,131,121 (the
121 Patent) were unpatentable.
As previously disclosed in the Registrants periodic reports, on
August 22, 2014, Samsung filed three petitions with the PTAB for
an inter partes review (IPR)of certain claims of the 704
Patent, 469 Patent and the 121 Patent. On June 15, 2015, Cisco
and Avaya joined this instituted IPR.
In addition, on October 31, 2014, LG, Toshiba Corporation et al.
(Toshiba), Vizio, and Hulu filed three petitions with the PTAB
for an IPR of certain claims of the 704, 469, and 121 Patents. On
November 24, 2015, the PTAB granted related petitions filed by
the Verizon affiliates to join for the 704 and 469 Patents. On
May 9, 2016, the PTAB issued a final written decision holding
that the petitioners failed to show that any claims of the 704
Patent were unpatentable. The PTAB also held that the petitioners
failed to show that the majority of the claims of the 469 and 121
Patents were unpatentable. On May 20, 2016, the petitioners filed
a notice of appeal to the CAFC, and this appeal was consolidated
with the appeal of the Samsung IPR discussed above.
About STRAIGHT PATH COMMUNICATIONS INC. (NYSEMKT:STRP)
Straight Path Communications Inc. is a communications asset company. The Company owns Straight Path Spectrum, Inc. (Straight Path Spectrum), Straight Path Ventures, LLC (Straight Path Ventures), and Straight Path IP Group, Inc. (Straight Path IP Group). The Company’s segments include Straight Path Spectrum, Straight Path Ventures and Straight Path IP Group. The Company holds a range of licenses for fixed and mobile wireless spectrum in the United States. These include licenses in the 39 gigahertz (38.6-40 gigahertz) band and the 28 gigahertz (27.5-28.35 gigahertz) portion of the local multipoint distribution service (LMDS) band. The Company also holds licenses for fixed wireless spectrum in other parts of the LMDS band. Straight Path Ventures is engaged in developing wireless technology. The Straight Path IP Group’s principal business is the acquisition, development, licensing and protection of intellectual property. STRAIGHT PATH COMMUNICATIONS INC. (NYSEMKT:STRP) Recent Trading Information
STRAIGHT PATH COMMUNICATIONS INC. (NYSEMKT:STRP) closed its last trading session up +0.44 at 179.64 with 275,093 shares trading hands.