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CHARLOTTE, N.C.—Three online lending companies recently earned a major federal court trial victory in a long-running patent dispute.
In 2010, LendingTree sued Womble Carlyle clients Zillow, NexTag and Adchemy seeking more than $100 million for infringement of LendingTree’s patents. The patents in question involve software used to match borrowers with lenders.
Womble Carlyle attorney Mark Henriques represented Zillow, NexTag and Adchemy as local counsel in the case. After a month-long jury trial in the U.S. District Court’s Western District of North Carolina before Chief Judge Frank Whitney, the jury returned a verdict finding that none of the Womble clients infringed upon Lending Tree’s patents. The jury also found in favor of the defendants’ argument that the patent was invalid because it failed to identify the proper inventors.
Click here to read coverage of the verdict in the Charlotte Observer.
Mark Henriques is a business litigation attorney who has successfully litigated cases involving fraud, unfair trade practices, class actions, non-compete and non-disclosure agreements, and breach of contract. He practices in Womble Carlyle’s Charlotte office.