08/18/2008

AP Press Release

AP settles lawsuit against Moreover and VeriSign

NEW YORK -- The Associated Press has settled its intellectual property lawsuit against Moreover Technologies Inc. and VeriSign Inc. The terms of the settlement are confidential.

The lawsuit was filed in U.S. District Court for the Southern District of New York last Oct. 9. It sought unspecified damages and a permanent injunction against alleged misappropriation and infringement.

"AP is pleased to have resolved the litigation in an amicable manner and appreciates VeriSign and Moreover's efforts to resolve AP's concerns," said AP Vice President and General Counsel Srinandan Kasi. The AP continues other initiatives to safeguard its intellectual property rights.

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Contact: Jack Stokes, AP Corporate Communications, 212.621.1720 or jstokes@ap.org