An Irish patent holding company is currently contesting litigation funder Longford Capital’s effort to enact arbitration over a dispute involving the proceeds from a settlement that concluded a specific assortment of patent litigation. The company articulated to a Delaware federal court within a brief made public on Tuesday that it never consented to such terms.
The patent holding company strongly posits that the conflict with Longford Capital is a matter that warrants the attention of the court, rather than being pushed towards arbitration as suggested by the litigation funding organisation. This stance was conveyed through a brief filed at the state’s federal court earlier this week, providing additional insight into the plaintiff’s perspective on this contentious issue.
The initiation of the dispute arises from divergences over the methods of dividing the monies acquired from a litigation settlement that recently brought an end to ongoing patent conflicts. The Irish company, however, vehemently opposes Longford Capital’s interpretation of the terms of the settlement and its subsequent proposed methods of allocation.
The company’s assertions and clarifications provided within the brief released on Tuesday highlights the firm belief that this prevailing dispute belongs in court, unwavering from their stance amidst the unfolding discord. This is a developing story with potential implications for similar patent litigation situations, additional information can be found by following this link.