MOUNTAIN VIEW, Calif., Oct. 28, 2014 /PRNewswire/ -- Coupons.com Incorporated (NYSE: COUP), a leader in digital coupons, today was granted summary judgment in a lawsuit brought against the company by Document Security Systems, Inc. (NYSE: DSS), in October 2011. DSS had alleged that Coupons.com misappropriated trade secrets and breached confidentiality agreements – a claim that DSS's CEO told investors was worth approximately $240 million in damages.
Today's ruling, handed down by the U. S. District Court for the Western District of New York, vindicates Coupons.com.
"We're happy with the judge's ruling, which we always expected," said Steven Boal, president and CEO of Coupons.com Incorporated. "This validates what we have maintained all along – that the case was and is completely without merit. We're happy to put it behind us."
About Coupons.com Incorporated
Coupons.com Incorporated (NYSE: COUP) is a leading digital promotion and media platform that connects brands, retailers and consumers. We distribute digital coupons and media through a variety of products, including: digital printable coupons, digital paperless coupons, coupon codes, and card linked offers. We operate Retailer iQ™, a mobile-first, real-time digital coupon platform that connects directly into a retailer's point-of-sale system and provides targeting and analytics for manufacturers and retailers. We also power digital coupon initiatives in online marketing campaigns -- including display and video advertising. Our distribution network includes our flagship site, Coupons.com, more than 30,000 third-party publishers, as well as our mobile applications, Coupons.com and Grocery iQ, and those of our many partners. Clients include hundreds of consumer packaged goods companies, such as Clorox, Procter & Gamble, General Mills and Kellogg's, as well as top retailers like CVS, H-E-B, Kroger, Safeway, Dollar General and Walgreens. Founded in 1998, Coupons.com is based in Mountain View, Calif., and is bringing the multi-billion dollar promotions industry into the digital world. To begin saving, please visit Coupons.com or visit us on Facebook at http://www.facebook.com/coupons. You can follow us on Twitter @Coupons.
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