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Jury Rules Against TREE In Patent Suit Vs Zillow

|Includes:LendingTree, Inc. (TREE), Z

LendingTree (NASDAQ:TREE) sued Zillow (NASDAQ:Z) for patent infringement in US District Court, North Carolina. The case went to the jury this week.

This afternoon, a jury in Charlotte NC returned a verdict against TREE and in favor of Z.

This means that TREE lost its patent suit against Z, a key competitor in the online marketplace for online mortgages marketplace.

Disclosure: I am short TREE.

Stocks: TREE, Z