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A New Jersey federal court jury on Thursday awarded $125 million to a Washington state firm that specializes in 3D models of aerial roof and wall measurement reports, which are used to estimate the cost of roof repairs, in patent infringement litigation filed against Verisk Analytics Inc.
Bothell, Washington-based Eagle View Technologies Inc. charged Jersey City, New Jersey-based Verisk and affiliate Lehi, Utah-based Xactware Solutions Inc. with violating seven patents, according to the 2015 complaint filed in U.S. District Court in Camden, New Jersey, in Eagle View Technologies Inc. and Pictometry International Corp. v. Xactware Solutions Inc. and Verisk Analytics Inc.
The court also issued a temporary restraining order forbidding Verisk from selling certain technology and set Oct. 2 for a hearing on a permanent injunction.
Eagle View said in a statement, “Yesterday’s jury verdict in the U.S. District Court for the District of New Jersey unequivocally demonstrates that Xactware and Verisk utilized EagleView’s innovations and technology without permission and in violation of U.S. patent law.”
Verisk said in a statement, “Verisk is disappointed with the outcome of this case and is exploring all available legal options.”
(Reuters) — Private equity firm Carlyle Group L.P. is in advanced talks to acquire the health care information technology division of U.S. data analytics company Verisk Analytics Inc., according to people familiar with the matter.