TAMPA, FL - Auction Management Solutions, Inc. (AMS), ADESA, and Live Global Bid, Inc. jointly announced 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.