3-Dec-2015
Other Events
Item 8.01. Other Events.
On December 2, 2015, MyECheck, Inc. (the “Company”) settled its breach of contract and patent infringement lawsuit against Zipmark, Inc. in the United States District Court, Eastern District of California – Sacramento Division (MyECheck, Inc. v. Zipmark, Inc.). Under the terms of the settlement, the parties mutually dismissed with prejudice all claims in the lawsuit and the Company agreed to license its patented check processing technology (US Patent 7,389,913) to Zipmark for three (3) years.
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