BELLEVUE, Washington–(Business enterprise WIRE)–Voip-Pal.com Inc. (“Voip–Pal”, the “Company”) (OTC Pink:VPLM) and its
Board of Directors applaud the new ruling by the U.S. Supreme Courtroom
concerning patent infringement lawsuits. The new final decision is a big
victory for patent holders and provides better protection for the
intellectual assets rights of inventors and innovators. The final decision
opens the doorway for larger sized punitive harm awards in cases of willful
On June thirteen, 2016 the U.S. Supreme Courtroom unanimously overturned the
“rigid” two-section check previously utilized to identify the amount of
punitive damages courts could award the patent proprietor in cases of willful
infringement not to exceed three periods the amount discovered or assessed. The
Courtroom also reduced the patent owner’s load of evidence regular from
“clear and convincing evidence” to a “preponderance of the evidence”. In
the Court’s view Chief Justice John Roberts explained the earlier
regular as “unduly rigid” and “excludes from discretionary punishment
a lot of of the most culpable offenders, these kinds of as the ‘wanton and malicious
pirate’ who intentionally infringes another’s patent…for no goal
other than to steal the patent holder’s organization.”
Full view: http://www.supremecourt.gov/thoughts/15pdf/14-1513_db8e.pdf.
Voip-Pal Standard Counsel and Director Dr. Ryan Thomas said, “The Halo
Electronics, Inc. v. Pulse Electronics, Inc. final decision
provides welcome course from the Supreme Courtroom that the rationale for
punitive damages in patent cases need to observe the ‘nearly two hundreds of years
of increased damages below patent law’ that allowed ‘punitive
or ‘increased’ damages’ to be recovered ‘in a case of willful or
Emil Malak, CEO of Voip-Pal commented, “We welcome the Supreme Court’s
final decision and see this as a big victory for all patent proprietors and
innovators. This ruling will once once again persuade innovation which has
lagged in new decades due in section to cumbersome patent litigation which
usually would make it tough for inventors to be appropriately compensated.” Mr.
Malak also said, “We seem forward to the IPR critique and to getting our
working day in courtroom with Apple, Verizon and AT&T.”
The Organization also declared the Form 10 Registration Statement submitted with
the Securities and Exchange Commission in April is now powerful building
Voip-Pal a entirely SEC reporting firm subject to the reporting
demands of the Securities and Exchange Act of 1934. The Organization has
also begun the application procedure to apply for up-listing to the OTCQB.
That procedure is envisioned to get about four weeks.
About Voip-Pal.com Inc.
Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTC
headquartered in Bellevue, Washington. The Organization owns a portfolio of
patents relating to Voice-about-World wide web Protocol (“VoIP”) technological innovation
that it is currently wanting to monetize.
Corporate Website: www.voip-pal.com