NEW YORK, Nov. 5, 2014 /PRNewswire/ -- Finjan
Holdings, Inc. (NASDAQ: FNJN), a technology company committed to
advancing innovation through the licensing of its intellectual
property (IP), today announced that its subsidiary, Finjan, Inc.
(Finjan) has filed a patent infringement lawsuit against Palo Alto
Networks, Inc. (NYSE: PANW) (Palo Alto Networks), alleging
infringement of Finjan patents relating to endpoint, web, and
network security technologies.
The Complaint (3:14-cv-04908, docket No. 1), filed November 4, 2014, in the U.S. District Court for
the Northern District of California, alleges that Palo Alto Networks'
products and services infringe ten Finjan patents. In particular,
Finjan is asserting infringement of U.S. Patent Nos. 6,804,780;
6,965,968; 7,058,822; 7,418,731; 7,613,918; 7,613,926; 7,647,633;
8,141,154; 8,225,408; and 8,677,494.
Finjan is seeking a jury trial; entry of judgment of
infringement of certain claims of each of the asserted patents by
Palo Alto Networks; preliminary and permanent injunction against
Palo Alto Networks and its officers, among others, from infringing
the asserted patents; damages of no less than $60 million to the extent proven at trial;
enhanced damages, up to three times the amount of the damages, for
willful disregard of our patent rights; and reasonable attorneys'
fees and costs.
"Finjan is committed to protecting the value of its patent
portfolio for those who have respected our legitimate patent rights
and have taken a patent license or invested in our business. We
made numerous attempts for more than a year to have Palo Alto
Networks join us in meaningful, good faith discussions to no
avail," stated Julie Mar-Spinola,
Finjan's VP of Legal Operations. "We provided Palo Alto Networks
with exemplary detailed claim charts on several of the asserted
patents, establishing how they each read on their products, and
offered to provide additional claim charts under an NDA Standstill
Agreement. Despite our best efforts, Palo Alto Networks chose to
ignore the opportunity to have a business discussion and instead
chose litigation."
Finjan has also filed patent infringement lawsuits against Blue
Coat, FireEye, Proofpoint, Sophos and Symantec relating to,
collectively, more than 20 patents in the Finjan portfolio. Finjan
will continue to provide timely updates of important events
relating to these matters on an ongoing basis. The court dockets
for the foregoing cases are publicly available on the Public Access
to Court Electronic Records (PACER) website, http://www.pacer.gov,
which is operated by the Administrative Office of the U.S.
Courts.
Recognized internationally as a pioneer and leader in web and
network security, Finjan's decades-long 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 has successfully licensed its patents and technology to
several major software and technology companies around the
world.
ABOUT FINJAN HOLDINGS
Through our subsidiary, Finjan, Inc., we own a portfolio of
patents, related to software that proactively detects malicious
code and thereby protects end users from identity and data theft,
spyware, malware, phishing, trojans and other online threats.
Finjan's mission is to invest in innovation and encourage the
development of core intellectual property. Founded in 1997, Finjan
developed and patented technology that is capable of detecting
previously unknown and emerging threats on a real-time,
behavior-based, basis, in contrast to signature-based methods of
intercepting only known threats to computers, which were standard
in the online security industry during the 1990's. For more
information about Finjan, please visit www.finjan.com.
Follow Finjan Holdings on LinkedIn at
www.linkedin.com/company/finjan or on Twitter at
www.twitter.com/FinjanHoldings or @FinjanHoldings.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements include statements
regarding our expectations, intentions, beliefs, and projections
about our future results, performance, prospects, and
opportunities. These statements can be identified by the fact that
they do not relate strictly to historical or current facts or by
the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "may," "plan," "project,"
"potential," "should," "will," "will be," "would," the negative of
these terms and similar expressions, but this is not an exclusive
way of identifying such statements. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. Our actual results, performance, and achievements may
differ materially from those expressed in, or implied by, the
forward-looking statements contained in this press release as a
result of various risks, uncertainties and other factors. Important
factors that could cause our actual results to differ materially
from our expectations include, without limitation, our ability to
execute our business plan, 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 technology in the market, the development of a liquid trading
market for our securities, regulatory developments, and other
factors described under Item 1A, "Risk Factors," as set forth
in the Company's Annual Report on form 10-K filed with the SEC on
March 14, 2014, and any subsequent
quarterly or current reports.
The Company will continue to file annual, quarterly, and
current reports, proxy statements and other information with the
SEC. Forward-looking statements speak only as of the dates
specified in such filings or releases. Except as expressly required
under federal securities laws and the rules and regulations of the
Securities and Exchange Commission, we do not undertake any
obligation to update any forward-looking statements to reflect
events or circumstances arising after any such date, whether as a
result of new information or future events or otherwise. You should
not place undue reliance on the forward-looking statements included
in this release or that may be made elsewhere from time to time by
us, or on our behalf. All forward-looking statements attributable
to us are expressly qualified by these cautionary
statements.
Contact
Investor Relations | Friederike Edelmann | Finjan Holdings,
Inc.
Telephone: (646) 350-4999 | Email: friederike@finjan.com
Media and Press Relations | Katie
Hepler | MWW Group
Telephone: (212) 704-9727 | Email: khepler@mww.com
SOURCE Finjan Holdings, Inc.