Posted by : Randy Cooper in (CDN)

Limelight Networks settles patent lawsuit

Limelight Networks Inc. in Tempe has settled a patent infringement lawsuit with competitor Two-Way Media LLC. Under the agreement, Two-Way is dropping its lawsuit against the Limelight. In exchange, Limelight acquired a non-exclusive license that allows the company to use technology covered by Two-Way’s patents. Limelight disclosed the settlement Thursday in a U.S. Securities and Exchange Commission filing. Limelight’s shares closed down 0.7 percent at $2.97 Thursday. The settlement stems from a lawsuit Boulder, Colo.-based Two-Way filed in April in U.S. District Court for the Southern District of Texas against Limelight and several other “content-delivery network,” or CDN, providers.

Source: http://www.azcentral.com/business/articles/2008/09/18/20080918biz-limelight0919-ON.html

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