SOURCE: Finjan Holdings, Inc.

June 04, 2015 08:01 ET

Finjan Provides Litigation Update -- Favorable Rulings on Motions for Summary Judgment Entered in Blue Coat Case

EAST PALO ALTO, CA--(Marketwired - Jun 4, 2015) - Finjan Holdings, Inc. (NASDAQ: FNJN), a cybersecurity company, and its subsidiary Finjan, Inc. are pleased to announce that the Honorable Beth Labson Freeman issued summary judgment rulings in Finjan's patent infringement case against Blue Coat Systems, Inc. (5:13-cv-03999-BLF). Finjan will be proceeding to trial on July 20, 2015, maintaining its assertion of claims from each of the six patents against Blue Coat that were in its original complaint.

"Our position has always been to credibly demonstrate the merits of our patent claims against Blue Coat, once a business partner to Finjan, and this recent decision ensures we will have that opportunity," commented Julie Mar-Spinola, Chief Intellectual Property Officer and VP, Legal. "We have maintained a willingness to resolve our dispute with Blue Coat through reasonable business discussions and in accordance with our Best Practices. Those efforts have been largely given short shrift, forcing us down a litigation path. As such, we intend to fight vigorously to preserve our patent rights and value for our existing licensees and stakeholder's investments in our technologies."

The hearing on the parties' summary judgment motions was held on April 16, 2015. Blue Coat filed a motion for summary adjudication of non-infringement on the six patents asserted against Blue Coat. Except with respect to a single asserted claim in which Blue Coat sought a ruling that it was indefinite, Blue Coat did not challenge the validity of any other of Finjan's asserted patents and claims in its summary judgment motion. With its motion, Blue Coat was seeking judgment that it did not infringe Finjan's U.S. Patent Nos. 6,804,780; 6,154,844; 7,418,731; 6,965,968; 7,058,822 and 7,647,633. The Court's Order is currently filed under seal and will be released pending the parties' submission of proposed redactions, if any, of highly confidential and business sensitive information by no later than June 8, 2015, (Docket No. 257).

A summary judgment (or Judgment as a Matter Of Law or JMOL) is a judgment entered by a court without full trial, and may be directed to the merits of an entire case, or on discrete issues in that case.

Finjan also filed patent infringement lawsuits against FireEye, Proofpoint, Sophos, Symantec, and Palo Alto Networks relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

ABOUT FINJAN
Founded in 1997, Finjan is recognized globally as a cybersecurity pioneer and leader. Finjan's investment in innovation is captured in its patent portfolio, centered around software and hardware technologies capable of proactively detecting previously unknown and emerging threats on a real-time, behavior-based basis. Finjan's software detects malicious code and protects end users from identity and data theft, spyware, malware, phishing, trojans, and other online threats. To date, Finjan has successfully licensed its intellectual property to major technology companies for more than $150 million. For more information about Finjan, please visit www.finjan.com.

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Cautionary Note Regarding Forward-Looking Statements
Except for historical information, the matters set forth herein that are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, the outcome of pending or future enforcement actions, our ability to expand our technology portfolio, the enforceability of our patents, the continued use of our technologies in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings' intended plan; and the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2014, and the Company's periodic filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Finjan Holdings, Inc. All forward-looking statements herein reflect our opinions only as of the date of this release, and Finjan Holdings undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.