Finjan Holdings' Subsidiary Files New Patent Infringement Lawsuit Against Palo Alto Networks

Finjan Holdings, Inc. 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. 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.