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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Akamai Technologies Inc | NASDAQ:AKAM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.88 | -2.85% | 98.0144 | 98.30 | 100.00 | 101.01 | 97.71 | 101.01 | 1,941,317 | 23:22:29 |
CAMBRIDGE, Mass., Aug. 13, 2015 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in content delivery network (CDN) services, today announced that in a unanimous decision the U.S. Court of Appeals for the Federal Circuit sitting en banc held that Limelight Networks, Inc. is liable for direct infringement of a content delivery patent asserted by Akamai. In 2008 a jury had returned a verdict that Limelight was infringing the patent and awarded Akamai over $45 million in damages.
Today's ruling reinstates liability for infringement, which had been overturned in a post-trial ruling that has been the subject of appellate proceedings since.
"We are extremely pleased with The Federal Circuit's decision," said Aaron Ahola, Deputy General Counsel at Akamai. "Akamai is at the forefront of innovation on the Internet and today's ruling recognizes the strength of our intellectual property. We believe strongly that a company's intellectual property is a vital asset which must be defended to protect shareholder value. "
About Akamai®
As the global leader in Content Delivery Network (CDN) services, Akamai makes the Internet fast, reliable and secure for its customers. The company's advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere. To learn how Akamai solutions and its team of Internet experts are helping businesses move faster forward, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
Contacts: | ||
Jeff Young |
--or-- |
Tom Barth tbarth@akamai.com |
Logo - http://photos.prnewswire.com/prnh/20100225/AKAMAILOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/akamai-prevails-as-patent-infringement-verdict-against-limelight-networks-is-upheld-300128554.html
SOURCE Akamai Technologies, Inc.
Copyright 2015 PR Newswire
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