Welcome to our dedicated page for Voip Palcom news (Ticker: VPLM), a resource for investors and traders seeking the latest updates and insights on Voip Palcom stock.
VoIP Palcom (VPLM) delivers cutting-edge VoIP solutions and strategic patent management in the telecommunications sector. This news hub provides investors and industry professionals with essential updates on the company's technological advancements, legal proceedings, and market positioning.
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Key coverage areas include telecommunication technology launches, patent enforcement actions, and financial performance disclosures. Stay informed about mobile gateway enhancements, billing system upgrades, and antitrust litigation developments that shape the company's industry standing.
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VoIP-Pal.com Inc. (OTCQB: VPLM) has filed an antitrust lawsuit against AT&T, Verizon, T-Mobile, and Deutsche Telekom in the U.S. District Court for the District of Columbia. A parallel class action lawsuit representing 373 million American smartphone subscribers has also been filed. Both lawsuits allege violations of Sherman Act Sections 1 and 2, and Clayton Act Sections 3, 4, and 7, accusing the telecom giants of anticompetitive practices.
VoIP-Pal and the class action plaintiffs have entered a third-party litigation funding agreement to cover legal fees and expenses. The cases aim to promote fairness and competition in the telecommunications market. This antitrust case is separate from VoIP-Pal's ongoing patent litigation in the Western District of Texas.
VoIP-Pal has filed new patent infringement lawsuits in the Western District of Texas, Waco Division, against Verizon and T-Mobile. The lawsuits allege infringement of VoIP-Pal's 'Routing, Billing, and Rating' patents, specifically U.S. Patent Nos. 8,542,815 and 9,179,005. Additionally, the complaint against T-Mobile includes infringement claims related to U.S. Patent No. 10,218,606.
These new complaints also introduce claims covering Direct Inward Dialing (DID), which were not part of the original lawsuits. VoIP-Pal CEO, Emil Malak, expressed the company's readiness to resolve these legal actions amicably but is prepared to go to trial if necessary.
The company has upcoming trials asserting its Mobile Gateway patents against Verizon and T-Mobile scheduled for August 19, 2024, and November 4, 2024, respectively, with pre-trial conferences set for July 2024.
VoIP-Pal.com Inc. has received a favorable ruling in the Northern District of Texas, as Huawei's motion for judgment on the pleadings under § 101 was denied. The court found that VoIP-Pal's Mobile Gateway patents are not directed to an abstract idea, ensuring their eligibility under § 101. This ruling is important as the Company gears up for trials against Verizon and T-Mobile involving the same patents. VoIP-Pal CEO, Emil Malak, expressed optimism and gratitude towards the legal and technical teams.