September 26, 2011
I have a problem with regulations when Zix did not report they had a Patent Infringement Lawsuit in the 10Q under Legal Actions - Why?
Here is how I found out Zix had one against them even though I real all 10Q's (below)
Comment on Motley Message area for Zix
ZIX BEING SUED FOR PATENT INFRINGEMENTThis could put them out of business.The suit is in very plaintiff friendly, Marshall Texas by RPost Holdings, a competitor.Lawsuit could cost $5-7M, settlement maybe $20-40M, if rpost even wants to settle. They may simply deny zix a license and drive them out of business.Nobody will buy zix now.
Here is the action filed by RPost in Texas (below)
1/31/2011 1 COMPLAINT For Patent Infringement against Zix Corporation ( Filing fee $ 350 receipt number 0540-2866892.), filed by RPost Holdings, Inc., Rmail Limited, RPost International Limited. (Attachments: # 1 Exhibit A, # 2 Civil Cover Sheet)(Huff, Winston) (Entered: 01/31/2011)