IA Labs Loses Patent Portfolio to Nintendo after Nintendo Wins Patent Lawsuit

  IA Labs Loses Patent Portfolio to Nintendo after Nintendo Wins Patent

     Nintendo Acquires Patents of Defunct Patent Troll at Sheriff’s Sale

Business Wire

REDMOND, Wash. -- January 9, 2014

On Tuesday, Jan. 7, 2014, Nintendo obtained the entire patent portfolio of IA
Labs during a sheriff’s sale in Montgomery County, Maryland. IA Labs sued
Nintendo for patent infringement in April 2010. Nintendo successfully defended
the lawsuit and obtained judgment in its favor in February 2012. The trial
court also awarded Nintendo some of the costs and fees it incurred defending
the case.

IA Labs appealed the trial court’s ruling. The appeals court confirmed
Nintendo’s win in June 2013. IA Labs was further ordered to pay Nintendo
additional costs incurred in defending the appeal. IA Labs did not pay the
amount due, so a sheriff’s sale was conducted to sell IA Labs’ remaining
assets, including its patent portfolio. Nintendo obtained IA Labs’ entire
patent portfolio at that sale as partial repayment for litigation costs.

“Nintendo’s track record demonstrates that we vigorously defend patent
lawsuits, like the IA Labs lawsuit, when we believe we have not infringed
another party’s patent. This includes holding those who sue Nintendo
responsible for the costs and expenses incurred in patent litigation,” said
Richard Medway, Nintendo of America’s vice president and deputy general
counsel. “Nintendo has a long history of developing innovative products while
respecting the intellectual property rights of others.”

About Nintendo: The worldwide pioneer in the creation of interactive
entertainment, Nintendo Co., Ltd., of Kyoto, Japan, manufactures and markets
hardware and software for its Wii U^™ and Wii^™ home consoles, and Nintendo
3DS^™ and Nintendo DS^™ families of portable systems. Since 1983, when it
launched the Nintendo Entertainment System^™, Nintendo has sold more than 4.1
billion video games and more than 659 million hardware units globally,
including the current-generation Wii U, Nintendo 3DS and Nintendo 3DS XL, as
well as the Game Boy^™, Game Boy Advance, Nintendo DS, Nintendo DSi^™ and
Nintendo DSi XL^™, Super NES^™, Nintendo 64^™, Nintendo GameCube^™ and Wii
systems. It has also created industry icons that have become well-known,
household names such as Mario^™, Donkey Kong^™, Metroid^™, Zelda^™ and
Pokémon^™. A wholly owned subsidiary, Nintendo of America Inc., based in
Redmond, Wash., serves as headquarters for Nintendo’s operations in the
Western Hemisphere. For more information about Nintendo, please visit the
company’s website at http://www.nintendo.com.

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Jonathan Silverstein
Kristie Tomkins
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