- 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.
Supreme Court to hear Limelight appeal of Akamai suit
Jan 10 2014, 17:00 ET