Worlds plunges; court allows Activision summary judgment motion


The Massachusetts district court handling Worlds' (WDDD -59.1%) patent suit against Activision has allowed Activision's motion for a "summary judgment seeking a ruling that all of the asserted claims in the Patents-In-Suit are invalid."

Worlds has alleged Activision's games infringe patents related to online gaming virtual worlds. The court ruled the patents are entitled to claim priority to Nov. 12, 1996 rather than Nov. 13, 1995, the filing date of a provisional application. By Nov. 12, 1996, products that "embodied all of the asserted claims of the Patents-in-Suit " were in public use for at least a year.

Markman Advisors states the judge still indicated Worlds may have the opportunity to bring a case for future infringement.

The court ruling (h/t Tom Shaughnessy)

Comments (7)
  • Markman Advisors
    , contributor
    Comments (106) | Send Message
     
    We identified this risk months ago here: http://seekingalpha.co... and here: http://seekingalpha.co...
    13 Mar 2014, 10:31 AM Reply Like
  • Patent Plays
    , contributor
    Comments (978) | Send Message
     
    On the contrary, Judge Caspar redefined the infringement dates to begin from the Certificate of Correction, 8-14-2013 thru the life of the patent, 11-12-2016. See Page 19 foot note 10 of the order http://bit.ly/1kmqyFk 6,219,045 Patent is indeed VALID and the Judges order only limits Activision's infringement to this period. Worlds lawsuit further has been granted a March 27 deadline for all parties to meet to either amend the lawsuit or move Worlds to refile.

     

    I consider this more favorable to World's Investors given the opportunity to purchase the stock at far greater levels attributable to the incomplete reporting offered here and thru other media outlets.
    13 Mar 2014, 11:09 AM Reply Like
  • User 8331091
    , contributor
    Comments (128) | Send Message
     
    I'm not sure I agree taking a 45+% haircut this A.M. can be considered "favorable" for investors.

     

    Past infringement is pretty much out the window now and there are no guarantees ATVI will continue to infringe going forward if they design around any patents asserted in newer filings.

     

    Whoever has been promoting this stock has been proven dead wrong. No ifs, ands, or buts about it.
    13 Mar 2014, 11:41 AM Reply Like
  • Patent Plays
    , contributor
    Comments (978) | Send Message
     
    @USEr 8331091

     

    "...given the opportunity to purchase the stock at far greater levels attributable to the incomplete reporting offered here and thru other media outlets."

     

    Understanding the technology is the key to winning here. Worlds technology metaphorically translates to water passing thru a pipe. Very hard to redesign around this utility patent.

     

    Reading past the headline was key to buying at .10 and under, some did and were rewarded. The order again just clarifies the infringement period and requires either a consensual statement from both parties to alter the dates or force a refile. From a legal and cost perspective ATVI would more than likely grant the change of infringement dates, otherwise replicate legal costs. Either way it moves the litigation, which is the real winner today.
    13 Mar 2014, 11:58 AM Reply Like
  • rickeespal
    , contributor
    Comments (283) | Send Message
     
    I hope no one from Markman ever gets on SCOTUS, by their false logic they will vote to remove the Bill of Rights
    13 Mar 2014, 04:03 PM Reply Like
  • User 8331091
    , contributor
    Comments (128) | Send Message
     
    Patent Plays,

     

    "...Understanding the technology is the key to winning here..."

     

    I believe it is important to understand the tech, yes. But it is equally important to understand that the Court's ruling regarding the priority date affects Worlds' patent assertion rights greatly. The company will now have to get over this hurdle of having its inventions considered public knowledge for over a year prior to an effective patent filing date. ATVI can argue this to the cows come home and eventually a greater authority will have to rule on this matter.

     

    The only way I can see a quick, clean victory for WDDD is if ATVI agrees to settle for very favorable terms. With only a few years of infringement on the table, serious doubts are raised about what type of recovery WDDD will reasonably be able to obtain.
    14 Mar 2014, 01:06 PM Reply Like
  • Noreika
    , contributor
    Comments (497) | Send Message
     
    Does any SA poster have the phone number for the rape hotline for me???
    13 Mar 2014, 10:47 AM Reply Like
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