Stroock Client XpertUniverse Inc. Lands $70 Million Jury Verdict in Fraud and
Patent Infringement Case Against Tech Giant Cisco Systems Inc.
NEW YORK, March 27, 2013
NEW YORK, March 27, 2013 /PRNewswire/ --Stroock & Stroock & Lavan LLP
obtained a jury verdict of over $70 million in damages for fraud and patent
infringement for its client XpertUniverse Inc. in its closely watched lawsuit
against tech giant Cisco Systems Inc.
XpertUniverse, Inc. is a leading developer of expert location, collaboration
and business intelligence solutions, and a one-time collaborator with Cisco
Systems in developing software intended to improve call center technology and
interactive business solutions. Their relationship ended, however, after
Cisco fraudulently concealed important information from XpertUniverse as part
of a scheme to prevent XpertUniverse from partnering with Cisco's competitors
while Cisco planned to launch its own products.
"The jury really saw the heart of the matter in this case – a Silicon Valley
heavyweight appropriating technology from a smaller company and destroying it
in the process," said Stroock Intellectual Property partner Charles Cantine,
the lead attorney on the case."The fact that they found not only patent
infringement, but fraud, really speaks to what this case is about:protecting
the intellectual property rights of innovators. Had the judge allowed the
jury to decide punitive damages, we believe this judgment would have been many
orders of magnitude greater."
"Leading technology companies are, at the end of the day, businesses that
operate in a highly competitive environment," observed Cantine."Here, Cisco
crossed the line, committed fraud and destroyed a potential competitor in the
process.We are pleased the jury saw that, in this case, Cisco's conduct was
The Stroock team that handled the litigation included Partner Charles Cantine
and Special Counsel Jason Sobel. Both are part of Stroock'shigh tech
Intellectual Property Practice, which was awarded a jury verdict of $30MM on
behalf of its client Tomita Technologies International, Inc. against 3D
Technologies two weeks ago.
XpertUniverse, Inc. is a developer of expert location, collaboration and
business intelligence solutions, redefining customer interactions and
communications through XpertSHARE — its interactive, web-based, real-time
expertise locator, full-media collaboration, and web-enabled business
Stroock & Stroock & Lavan LLP is a law firm providing transactional and
litigation guidance to leading multinational corporations, investment banks
and private equity firms in the U.S. and abroad. Stroock's emphasis on client
service and innovation has made it one of the nation's leading law firms for
130 years. Stroock's practice areas include capital markets/securities,
commercial finance, mergers and acquisitions and joint ventures, private
equity, private funds, derivatives and commodities, employment law and
benefits, energy and project finance, entertainment, environmental law,
financial restructuring, financial services litigation, insurance,
intellectual property, investment management, litigation, personal client
services, real estate, structured finance and tax. For more information,
please visit Stroock's website at www.stroock.com.
SOURCE Stroock & Stroock & Lavan LLP
Contact: Robin Wagge, +1-212-843-8006, email@example.com
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