The Globe and Mail reports in its Monday edition that the company that failed to close a deal to buy BlackBerry's legacy smart phone patents has pulled its legal action aimed at trying to unwind the subsequent sale to another purchaser.
The Globe's Sean Silcoff writes that Catapult IP Innovations last Wednesday voluntarily dismissed its own complaint against Malikie Innovations before the U.S. District Court for the Eastern District of Virginia, after seeking an order this month compelling the defendant "to participate in arbitration to resolve disputed ownership" over 32,000 patents Malikie bought from BlackBerry this year.
BlackBerry was not a party in the court matter. The Baltimore-based, Delaware-registered plaintiff had disclosed it also began a separate arbitration process against BlackBerry as laid out in their original contract.
Catapult had stated the Malikie deal was invalid and that BlackBerry breached its original contract. It has asked a New York-based arbitration panel to unwind the deal "and to convey the patents to Catapult instead," asking the court to compel Malikie to submit to the arbitration panel's jurisdiction.
The panel, however, rejected Catapult's request to add Malikie to the matter.
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