Microsoft suit against Ebix allowed to proceed

|About: Ebix Inc (EBIX)|By:, SA News Editor

A U.S. district judge has shot down an attempt by EBIX to have a copyright suit filed by Microsoft dismissed, arguing Microsoft's allegations were sufficient for the suit to proceed.

Microsoft sued Ebix last year for copyright infringement and breach of contract, alleging the insurance software vendor made unauthorized copies of Microsoft products and refused to do an independent audit to determine how much it owes.

Ebix is also contending with investigations from the SEC and a U.S. Attorney office, and reportedly one from the FBI as well. The company announced earlier this month a court had given preliminary approval to a $6.5M investor class-action settlement.