Delaware
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94-2665054
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(State or other jurisdiction of
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(IRS Employer
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incorporation)
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Identification No.)
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Pursuant to the terms of the Settlement Agreement, Riverbed will pay Quantum a lump sum of $11 million, and the parties, on behalf of themselves and their affiliates, entered into a perpetual covenant not to sue ("the Perpetual Covenant") the other parties, any of their respective affiliates, or, subject to certain qualifications, any of their respective resellers, customers, OEM partners or suppliers (i) alleging infringement of any patents relating to data de-duplication that a party or any of its affiliates currently owns, has the right to enforce or will acquire or have the right to enforce within five (5) years following the date of the Settlement Agreement, including the Litigation Patents (collectively, the "Subject Patents"), or (ii) challenging the validity or enforceability of any Subject Patent.
In addition to the Perpetual Covenant, the parties to the Settlement Agreement also agreed, on behalf of themselves and their affiliates, for a period of three (3) years, not to file any patent infringement lawsuits against any other party to the Settlement Agreement, their affiliates, or, subject to certain qualifications, any of their respective resellers, customers, OEM partners or suppliers.
In addition, Riverbed and Quantum released each other from any and all claims, demands, losses, liabilities and causes of action relating to the Patent Infringement Actions or any infringement of any patent based on acts occurring prior to the date of the Settlement Agreement.
On October 1, 2008, Riverbed and Quantum issued a joint press release announcing the settlement. A copy of such press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
99.1 Press Release dated October 1, 2008
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QUANTUM CORPORATION
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Date: October 01, 2008
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By:
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/s/ Shawn D. Hall
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Shawn D. Hall
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Vice President, General Counsel and Secretary
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Exhibit No.
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Description
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EX-99.1
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Press Release dated October 1, 2008
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