Seeking Alpha

Supreme Court to hear Limelight appeal of Akamai suit

  • Seven months after asking the Solicitor General for its take on Limelight's (LLNW +1.4%) appeal of an infringement verdict delivered by a federal appeals court in a patent suit filed by bigger rival Akamai (AKAM +1.3%), the Supreme Court has agreed to hear the case. Limelight shares received a slight lift from the decision in afternoon trading.
  • The Supreme Court's decision could have far-reaching implications, given it will be rendering judgment on the validity of induced patent infringement. Akamai asserts Limelight is guilty of infringement because it performs certain steps of a patented method, and compels customers to perform the others. Limelight argues it's innocent as long as it isn't performing each step itself.
  • Google, Cisco, Oracle, and other tech companies are backing Limelight in the dispute, as is the White House.
  • Oral arguments will likely be heard in April, and a decision is expected by June.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs