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CollegeNET, Inc.
The Princeton Review Pays CollegeNET $2.6 Million in Litigation Settlement as PTO Re-Affirms Validity of CollegeNET's '042 Patent Covering Web Admissions Application Processing
June 14th, 2008
CollegeNET and The Princeton Review have entered into an agreement settling all claims related to The Princeton Review's alleged infringement of two CollegeNET patents, U.S. patent number 6,460,042 (the '042) and U.S. patent number 6,910,045 (the '045). These CollegeNET patents cover key innovations in the way web-based admissions applications are serviced on behalf of colleges and universities. CollegeNET's infringement claims arose from TPR's operation of its Embark admissions servicing unit, a unit which TPR sold in early 2007 to MRU Holdings (My Rich Uncle). Princeton Review publicly acknowledged settling the litigation and making the one-time $2.6 Million payment...
Source: Law & Health Weekly (2008-06-14)
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