Facebook has finally put to bed a 19-month legal battle with
Timelines Inc., the Chicago company that was suing the social network
for trademark infringement.
Facebook said10-Q quarterly
report filed with the Securities and Exchange Commission that it had
reached agreement with Timelines Inc. to settle the dispute. The social
network did not disclose the terms of the settlement, but indicated that
the cost was not material to its business.
Thursday in its
Timelines Inc. filed suit
against Facebook in September 2011 after the social network unveiled
that its new member profiles would be called Timelines. Facebook sought
to invalidate the Chicago company's claim to the Timelines trademark,
but was unsuccessful in its endeavor. The matter was eventually
scheduled for a late-April jury trial that never happened.
In the 10-Q, Facebook separately noted that first-quarter general and
administrative expenses increased by 69 percent from the year-ago
quarter to $176 million. Legal settlement costs, which also included a
Q1 patent settlement with Summit 6, were mentioned as a primary reason
for the year-over-year increase.
Facebook declined to comment on the settlement.
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