LogMeIn (NASDAQ:LOGM): Current price $19.03
LogMeIn on Tuesday said that a federal jury in Eastern District of Virginia found that its products do not infringe on United States Patent No. 6,928,479, as asserted by 01 Communique. Chief Executive Michael Simon commented that ”We are obviously very pleased with the Court’s decision, and we feel this validates LogMeIn’s long-standing tradition of investing in the development of unique and innovative products. We will continue to vigorously defend patent lawsuits, and we will not succumb to attempts by litigious parties to profit from our ongoing investments in innovation.”
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