Finnegan Client FedEx Secures Dismissal of Suit Involving WebXchange (and Pi-Net) Patent Portfolio

FOR IMMEDIATE RELEASE

January 18, 2012

Contact:    Jeffrey A. Berkowitz, 571.203.2710

                    Partner

Finnegan Client FedEx Secures Dismissal of Suit Involving WebXchange (and Pi-Net) Patent Portfolio

WASHINGTON, DC - WebXchange, Inc. filed suit against FedEx in early 2008, alleging infringement of three patents that WebXchange claimed to generally relate to enabling all transactions over the Internet. The named inventor is Dr. Lakshmi Arunachalam and the asserted patents belong to a portfolio owned in part by WebXchange and in part by a related company named Pi-Net International. Reexamination requests were filed and granted against all of the asserted patents. After nearly four years of litigation, and WebXchange’s ten litigation and prosecution firms, Finnegan secured a dismissal with prejudice of the suit against FedEx, and without the need for claim construction, dispositive motions or a trial.

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With more than 375 intellectual property lawyers, Finnegan is one of the largest IP law firms in the world. From offices in Washington, DC; Atlanta, Georgia; Cambridge, Massachusetts; Palo Alto, California; Reston, Virginia; Brussels, Belgium; Shanghai, China; Taipei, Taiwan; and Tokyo, Japan, the firm practices all aspects of patent, trademark, copyright, and trade secret law, including counseling, prosecution, licensing, and litigation. Finnegan also represents clients on IP issues related to international trade, portfolio management, the Internet, e-commerce, government contracts, antitrust, and unfair competition. For additional information on the firm, please visit www.finnegan.com.

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