ADESA

AMS, ADESA and Live Global Bid Settle the Patent Infringement Case Relating to the AMS Patent

Published in Law and Health Weekly, September 6th, 2008

Auction Management Solutions, Inc. ("AMS"), ADESA and Live Global Bid, Inc. jointly announce that they have settled the patent infringement case relating to AMS' U.S. Patent No. 6,813,612 ("the '612 patent"). Live Global Bid recently was acquired by ADESA and is now named "LiveBlock Auctions International" or "LAI".

As a result of the settlement, AMS' '612 patent remains valid and in force and ADESA and LAI may continue to use their technology in the marketplace.

AMS, ADESA and LAI all are satisfied with the resolution of the lawsuits.

AMS' patent infringement case against Manheim and its affiliates still remains pending.

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Source: Law and Health Weekly (2008-09-06)

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