Amphion Innovations Plc (LON:AMP) said its wholly-owned business DataTern had its US patent infringement case against MicroStrategy and some of its customers dismissed.
The reason for the dismissal was the withdrawal from the case of the firm’s legal counsel and DataTern’s inability to appoint a successor “in the short time frame set by the court”.
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Amphion in a stock exchange statement added: “It remains DataTern's considered opinion that the 502 and 402 patents are both valid and being infringed by a wide range of companies that are practicing this critical art. In order to pursue these claims though, DataTern needs to be able to fund the expenses in the programme and efforts to find a suitable funding source and successor legal counsel are continuing.”