RPX Completes Licensing Transaction with Boston University

RPX Corporation

announced that it has completed a licensing transaction with Boston University to acquire sub-license rights to patents used in optoelectronic devices such as blue LEDs and laser diodes. This transaction eliminates RPX clients' exposure to a broad-based litigation campaign and will result in the dismissal of 25 companies from litigation with Boston University. The University's case against defendants that are not RPX clients is ongoing. RPX also acquired option rights to grant sublicenses under the patents to certain prospective clients.