limelight networks inc (LLNW) Key Developments
Limelight Networks Intent to File Appeal to the Supreme Court of the United States
Nov 23 15
Limelight Networks announced that it will seek review by the Supreme Court of the United States (SCOTUS) of the recent decision by the U.S. Court of Appeals for the Federal Circuit to reinstate the 2008 jury verdict of infringement in its long-standing dispute with Akamai. Limelight believes that the recent ruling expands the scope of liability in a fashion that was neither intended by Congress nor consistent with prior legal precedent. This is similar to what the en banc court did in August 2012 when it created an expanded standard for induced infringement, which was later overturned by SCOTUS. Limelight has had the support from leaders in the technology sector before, and expects to have that support again with this appeal.
Limelight Networks, Inc. Announces CFO Changes
Nov 18 15
Limelight Networks, Inc. announced that Pete Perrone has informed the company of his intent to resign his duties as chief financial officer effective December 4, 2015. Sajid Malhotra, chief strategy officer, has been named interim CFO, effective December 4, 2015, until a permanent CFO is named. Mr. Malhotra joined the company in April 2014 as the senior vice president in charge of strategy, facilities, investor relations and procurement. He was promoted to chief strategy officer in June 2015.
The U.S. Court of Appeals for the Federal Circuit Rejects Limelight Networks Inc.'s Request for Appeal
Nov 17 15
The U.S. Court of Appeals for the Federal Circuit rejected Limelight Networks Inc.'s request for appeal in its patent infringement feud with Akamai Technologies Inc. In a Nov. 16 ruling, the appeals court called for the reinstatement of the jury verdict against Limelight in the case and said that the arguments in the company's cross-appeal have no merit. Limelight said the same day that it will study all options and determine next steps, including a possible review by the U.S. Supreme Court. Akamai sued Limelight in 2006 for infringing on its Internet content delivery patent. It initially won, but that verdict was overturned in 2009, leading Akamai to appeal the case. In 2012, a federal appeals court ruled to reopen the lawsuit, after previously upholding a lower court's ruling that favored Limelight. The appeals court in May ruled that Limelight is not liable for directly infringing on a patent owned by Akamai.
Limelight Networks Responds to U.S. Court of Appeals Decision
Nov 16 15
Limelight Networks, Inc. announced that the United States Court of Appeals for the Federal Circuit has denied its request for appeal in their long running intellectual property litigation with Akamai. The Company strongly believes that it did not infringe on any patents and will study all options and determine next steps, including a possible review by the Supreme Court of the United States.
Limelight Networks Helps Spear Education Provide Online Video Courses to Dentists Around the Globe
Nov 4 15
Limelight Networks, Inc. announced Spear Education is leveraging the Limelight OrchestrateTM Video platform to provide online courses to dental professionals around the world. Spear Education offers innovative dental education to dentists and their staff around the globe. In 2010, Spear expanded its business by launching Spear Online, with over 1,300 research-driven educational videos that dentists and their staff can access in their own offices, on their own schedules. In five years, Spear has grown its video customer base to more than 5,000 dental professionals.