Intellectual Property: Eagleview v. Xactware Verdict & Order
A New Jersey Jury in Federal Court reached a verdict of $125 million in favor of EagleView, a technology provider of aerial imagery against industry competitors, Xactware Solutions, Inc. and Verisk Analytics, Inc.
The allegations are that the defendants infringed upon EagleView’s proprietary intellectual property (IP) and technological innovations. The Court has also issued a temporary restraining order stopping, among other things, Defendants’ sale of Property InSight, Roof InSight, Geomni Roof and Geomni Property, as well as Defendants’ sale or use of Aerial Sketch version 2, after September 25, 2019.
This order will be in effect until October 8, 2019, when the Court will hold a hearing on a permanent injunction.