ROCHESTER, N.Y., Dec. 3, 2014 /PRNewswire/ -- Bascom Research, LLC, a wholly owned subsidiary of Document Security Systems, Inc. (DSS) (NYSE MKT: DSS), received a date for a case management conference in its dispute with Facebook and LinkedIn.
On December 2, 2014, a hearing took place to address Facebook's motion for summary judgment, which alleges that the Bascom Research patents are invalid under the patent-eligibility (Section 101) standard established in Alice Corp v. CLS Bank International. No decision was rendered during the hearing and Bascom Research expects a ruling on the summary judgment motion within approximately 30 to 45 days.
Following the hearing, the court scheduled a case management conference for January 30, 2015 in order to set forth dates for future events in the litigation.
A complete list of the company's active disputes are listed on the DSS website. Further information regarding patent litigation involving DSS investments is available to the public at the PACER website.
About Document Security Systems
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem. DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites.
DSS invests in research and development to meet the ever-changing security needs of its clients and offers licensing of its patented technologies through its subsidiary, DSS Technology Management, Inc.
For more information on the AuthentiGuard Suite, please visit www.Authentiguard.com. For more information on DSS and its subsidiaries, please visit www.DSSsecure.com. To follow DSS on Facebook, click here.
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes," "anticipates," "expects," "plans," "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission, and updated in subsequent SEC filings. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Document Security Systems
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SOURCE Document Security Systems, Inc.