Business Services Industry
Digital New York: Behind merger, patent lawsuits pending; Juno, NetZero deal will cancel claims; L.I. firms cling to Nasdaq listing.(Juno Online Services Inc. and NetZero Inc merger.)(Brief Article)
Crain's New York Business, June, 2001 by Leder, Michelle
Overlooked in most of the coverage of the merger announced two weeks ago between Juno Online Services Inc. and NetZero Inc. was the fact that the companies have been trading blows in patent litigation. Last June, Juno sued NetZero for allegedly infringing on a patent the Internet service provider has on technology that allows Internet advertisements to be displayed when a consumer is offline.
NetZero filed a patent infringement counterclaim in December. In April, a federal judge lifted a temporary restraining order that had blocked Juno from displaying ads on its free Internet service during the first quarter. Richard Buchband, Juno's senior vice president and general counsel, says that as a result of the proposed merger, the patent suits will be stayed and...
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