Voip-Pal.com Inc. Applauds the United States Supreme Court on its Unanimous Ruling Regarding Enhanced Monetary Awards in Patent Infringement Lawsuits
Jun 28, 2016
OTC Disclosure News Service
Voip-Pal.com Inc. (“Voip–Pal”, the “Company”) (OTC Pink:VPLM) and its
Board of Directors applaud the recent ruling by the U.S. Supreme Court
regarding patent infringement lawsuits. The recent decision is a major
victory for patent holders and provides greater protection for the
intellectual property rights of inventors and innovators. The decision
opens the door for larger punitive damage awards in cases of willful
On June 13, 2016 the U.S. Supreme Court unanimously overturned the
“rigid” two-part test previously utilized to determine the amount of
punitive damages courts could award the patent owner in cases of willful
infringement not to exceed three times the amount found or assessed. The
Court also lowered the patent owner’s burden of proof standard from
“clear and convincing evidence” to a “preponderance of the evidence”. In
the Court’s opinion Chief Justice John Roberts described the previous
standard as “unduly rigid” and “excludes from discretionary punishment
many of the most culpable offenders, such as the ‘wanton and malicious
pirate’ who intentionally infringes another’s patent…for no purpose
other than to steal the patent holder’s business.”
Complete opinion: http://www.supremecourt.gov/opinions/15pdf/14-1513_db8e.pdf.
Voip-Pal General Counsel and Director Dr. Ryan Thomas stated, “The Halo
Electronics, Inc. v. Pulse Electronics, Inc. decision
provides welcome direction from the Supreme Court that the rationale for
punitive damages in patent cases should follow the ‘nearly two centuries
of enhanced damages under patent law’ that allowed ‘punitive
or ‘increased’ damages’ to be recovered ‘in a case of willful or
Emil Malak, CEO of Voip-Pal commented, “We welcome the Supreme Court’s
decision and see this as a major victory for all patent owners and
innovators. This ruling will once again encourage innovation which has
lagged in recent years due in part to cumbersome patent litigation which
often makes it difficult for inventors to be properly compensated.” Mr.
Malak also said, “We look forward to the IPR review and to having our
day in court with Apple, Verizon and ATT.”
The Company also announced the Form 10 Registration Statement filed with
the Securities and Exchange Commission in April is now effective making
Voip-Pal a fully SEC reporting company subject to the reporting
requirements of the Securities and Exchange Act of 1934. The Company has
also begun the application process to apply for up-listing to the OTCQB.
That process is expected to take about 4 weeks.
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTC
headquartered in Bellevue, Washington. The Company owns a portfolio of
patents relating to Voice-over-Internet Protocol (“VoIP”) technology
that it is currently looking to monetize.
Corporate Website: www.voip-pal.com
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Article source: http://www.otcmarkets.com/stock/VPLM/news?id=134946