Document Security Systems Provides Update on Stay of Proceedings for VirtualAgility and Bascom Research Cases

Document Security Systems (NYSE MKT: DSS) today provided an update regarding recent decisions in the VirtualAgility and Bascom Research patent litigation cases. On January 9, 2014, the US District Court for the Eastern District of Texas denied the defendants' motion to stay the VirtualAgility case. As a result, the VirtualAgility, Inc. v. Salesforce.com, Inc. Et Al case will continue as scheduled, with the Markman hearing date on April 2, 2014 and jury selection in November 2014. On January 13, 2014, the US District Court for the Northern District of California issued a stay of proceedings for the Bascom Research case in light of Alice Corp. v. CLS Bank Int'l, a Supreme Court case covering the patentability of software.  The Bascom Research stay decision falls in conjunction with stay decisions in several other cases unrelated to Bascom Research and Document Security Systems. The Supreme Court's ruling on Alice Corp. v. CLS Bank Int'l is anticipated in June 2014.  As a result, the Bascom Research Markman hearing date is expected to be rescheduled after June 2014.    See full press release