LendingTree and QuinStreet Reach Settlement on Patent Infringement Lawsuit

  LendingTree and QuinStreet Reach Settlement on Patent Infringement Lawsuit

PR Newswire

CHARLOTTE, N.C., Nov. 26, 2012

CHARLOTTE, N.C., Nov. 26, 2012 /PRNewswire/ -- LendingTree, LLC, a subsidiary
of Tree.com, Inc. (NASDAQ: TREE) and QuinStreet, Inc. (NASDAQ: QNST) have
settled on mutually agreeable terms the patent infringement lawsuit brought by
LendingTree against QuinStreet concerning LendingTree's patent that relates
generally to coordinating loans over the Internet, and the counterclaims
brought by QuinStreet against LendingTree. LendingTree and QuinStreet have
executed a license for the patent and related patents of LendingTree, and
QuinStreet has agreed not to continue to challenge the validity of
LendingTree's patent. The terms of the license and other provisions of the
parties' settlement are confidential. Doug Lebda, chairman & CEO of Tree.com,
stated, "QuinStreet is the third major company with whom LendingTree has
reached licensing terms on these patents. We anticipate that the trial
against the remaining defendants, Zillow, Adchemy, and Nextag, will take place
in early 2014."

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About LendingTree, LLC
LendingTree, LLC is the nation's leading online source for competitive home
loan offers, empowering consumers during the mortgage, refinance or auto loan
process. LendingTree provides an online marketplace which connects consumers
with multiple lenders that compete for their business, as well as an array of
online tools and information to help consumers find the best loan. Since
inception, LendingTree has facilitated more than 30 million loan requests and
$214 billion in closed loan transactions. LendingTree provides access to
lenders offering mortgages and refinance loans, home equity loans/lines of
credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ:
TREE). For more information go to www.lendingtree.com, dial 800-555-TREE,
join our Facebook page and/or follow us on Twitter @LendingTree.

About QuinStreet
QuinStreet, Inc. (NASDAQ: QNST) is one of the largest Internet marketing and
media companies in the world. QuinStreet is committed to providing consumers
and businesses with the information they need to research, find and select the
products, services and brands that meet their needs. For more information,
please visit QuinStreet.com.

Megan Greuling
(704) 943-8208

SOURCE LendingTree, LLC

Website: http://www.lendingtree.com
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