Core Viewpoint - Paltalk, Inc. has received a favorable final judgment in its patent infringement lawsuit against Cisco Systems, resulting in a jury award of $65.7 million for the company [1][2][3]. Group 1: Lawsuit Details - The lawsuit was filed on July 23, 2021, by Paltalk Holdings, Inc., alleging that certain Cisco products infringed U.S. Patent No. 6,683,858 [2]. - The final judgment was signed by Judge Alan D. Albright and confirms the jury's award amount [3]. Group 2: Financial Implications - The exact amount Paltalk will receive from the award will be influenced by litigation-related expenses, including legal fees, with an estimate that the company may receive no more than one third of the gross proceeds [4]. Group 3: Patent Portfolio - Paltalk holds a total of 8 issued U.S. patents and intends to vigorously defend these patents [5].
Paltalk Holdings Announces Judge Enters Final Judgment in Connection With Cisco Jury Verdict