Paltalk, Inc. (PALT) Wins $65.7M Jury Verdict Against Cisco Systems
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Paltalk Holdings, Inc. Awarded $65.7 Million Jury Verdict Against Cisco Systems Inc.
August 30, 2024 6:00 AM EDTJERICHO, NY, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Paltalk, Inc. (Paltalk, the Company, we, our or us) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced that a jury in the District Court for the Western District of Texas (the Court) has awarded the Company $65.7 million in a verdict against Cisco Systems, Inc. (Cisco) for infringing U.S. Patent No. 6,683,858.
As previously disclosed, on July 23, 2021, Paltalk Holdings, Inc., a wholly owned subsidiary of the Company, filed a patent infringement lawsuit (the Lawsuit) against Cisco in the U.S. District Court for the Western District of Texas,... More
