Seeking Alpha

Legal setback hits Document Security Systems hard

  • Document Security Systems (DSS -16%) is closing down sharply after announcing a Northern California district court issued a stay on an infringement suit brought by its Bascom Research unit against Facebook, LinkedIn, and others, pending the outcome of Supreme Court case covering the patentability of software. (PR)
  • A few days before the Northern California ruling, an Eastern Texas district court denied a motion filed by Salesforce.com to stay a case an infringement suit filed by VirtualAgility, a software company DSS has invested in.
  • The Supreme Court's ruling is expected in April. A Markman hearing for the VirtualAgility/Salesforce case is set for April 2, and jury selection for November.
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