Research Triangle Park, NC, 2017-May-10 — /EPR Retail News/ — ChannelAdvisor Corporation (NYSE:ECOM), a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to increase global sales, today (May 8, 2017) announced the patent lawsuit filed by Lexos Media IP, LLC (“Lexos”) against ChannelAdvisor’s customer Costco Wholesale Corporation has been dismissed.
After a critical favorable ruling from the court in the Eastern District of Texas in connection with the claim construction process, Lexos dismissed the lawsuit. The dismissal by Lexos was not tied to any payment or settlement agreement, Lexos simply “walked away” after the court’s ruling.
“As a technology company, we strongly believe in legitimate intellectual property rights. However, it is important to take a stand against entities like Lexos to prevent them from bullying an entire industry with dubious or abusive patent claims,” said David Spitz, CEO.
ChannelAdvisor (NYSE: ECOM) is a leading provider of cloud-based e-commerce solutions that enable retailers and branded manufacturers to integrate, manage and optimize their merchandise sales across hundreds of online channels including Amazon, Google, eBay, Walmart, Facebook and more. Through automation, analytics and optimization, ChannelAdvisor customers can leverage a single inventory feed to more efficiently list and advertise products online, and connect with shoppers to increase sales. Billions of dollars in merchandise value are driven through ChannelAdvisor’s platform every year, and thousands of customers use ChannelAdvisor’s solutions to help grow their businesses. For more information, visit www.channeladvisor.com.