Clarivate and OCLC Settle Lawsuit
Clarivate Plc (NYSE: CLVT) announced a settlement with OCLC regarding allegations of misconduct, which Clarivate firmly denies. The agreement emphasizes the importance of collaborative platforms for bibliographic records, with Clarivate agreeing to not develop a MARC records exchange system that conflicts with OCLC's policies. This settlement is aimed at supporting the goals of open research and data exchange, facilitating a more efficient research process. Clarivate will cover its own legal fees related to this settlement.
- Settlement may reduce legal uncertainties and costs moving forward.
- Commitment to supporting open research aligns with industry trends.
- Ongoing allegations against Clarivate may impact its reputation.
- Settlement costs may divert resources from other business initiatives.
Speedy resolution in best interests of libraries and ensures fair competition for both
LONDON, Nov. 7, 2022 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that it has signed a settlement agreement and release with OCLC.
Clarivate continues to deny OCLCs allegations of wrong-doing and maintains that the issue lay between OCLC and its customers, who sought to co-create an efficient community platform for sharing of bibliographic records. Clarivate will not develop a record exchange system of MARC records that include records which OCLC has claimed are subject to its policy and contractual limitations. Clarivate will bear its own fees and costs.
Gordon Samson, Chief Product Officer at Clarivate insisted, "Clarivate will continue to support the goals of open research and data exchange - because we believe it is the best way to make the process of research and learning faster, more robust and more transparent. Regardless of business model, when scholarly information is easily accessible and shareable, the dots are easier to join, the connections are explicit, and collaborations are more natural and meaningful. The process of scientific discovery is faster, and it is easier to ensure research integrity and reproducibility. We know that navigating the transition to open research is important to our customers, and we remain committed to helping them make that transition as seamlessly as possible."
Clarivate™ is a global leader in providing solutions to accelerate the pace of innovation. Our bold mission is to help customers solve some of the world's most complex problems by providing actionable information and insights that reduce the time from new ideas to life-changing inventions in the areas of Academia & Government, Life Sciences & Healthcare, Professional Services and Consumer Goods, Manufacturing & Technology. We help customers discover, protect and commercialize their inventions using our trusted subscription and technology-based solutions coupled with deep domain expertise. For more information, please visit clarivate.com.
Media Contact: Lisa Hulme, Senior Director- External Relations
newsroom@clarivate.com
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SOURCE Clarivate Plc
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