Real-time Stock quotes, portfolio, LIVE TV and more.
Jun 21, 2012, 01.32 AM IST
YAHOO-FACEBOOK-LAWSUIT:Yahoo, Facebook seek more time for settlement talks
REUTERS - Yahoo Inc
Yahoo sued Facebook earlier this year, claiming the social networking company infringed 10 of Yahoo's patents, including several that cover online advertising technology. In its lawsuit, Yahoo said Facebook was considered "one of the worst performing sites for advertising" prior to adapting Yahoo's ideas.
Facebook then filed a countersuit of its own and called Yahoo short-sighted for its decision to prioritize "litigation over innovation."
Yahoo brought its lawsuit while the company was under the leadership of then-Chief Executive Scott Thompson. However, shortly after the case began Thompson was ousted from the company amid questions about his resume.
In a court filing on Tuesday, Yahoo attorney Kevin Smith asked a San Francisco federal judge to push back a series of deadlines in the case for two weeks. Facebook did not oppose the request, Smith wrote.
The extension would "facilitate settlement," he wrote.
Representatives for Yahoo and Facebook declined to comment.
The case in U.S. District Court, Northern District of California is Yahoo Inc. v. Facebook Inc., 12-cv-1212.
(Reporting By Dan Levine and Alexei Oreskovic; Editing by Richard Chang)
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK