Aequitas Technologies, LLC

Isix IP LLC, identifying itself as a subsidiary of monetization firm Aequitas Technologies LLC, has filed suit against IBM (6:22-cv-00201), alleging infringing of a single patent that the plaintiff characterizes as claiming “a system for integrating date among heterogenous systems”. Isix IP pleads that Isix (f/k/a DARC), “a predecessor in interest” of the patent licensed its software to “companies in various industries”, with “deepest market penetration . . . in the cruise line industry”. The new Western District of Texas complaint targets the IBM Application Integration Suite, which Isix IP alleges “destroyed Isix’s market share”.  

Neonode Smartphone LLC, a subsidiary of monetization firm Aequitas Technologies LLC, has sued Apple (6:20-cv-00505) and Samsung (6:20-cv-00507) over the provision of smartphones and tablets, targeting certain user interface gestures, including those for swipe typing (both defendants), accessing control functions (just Apple), and unlocking a device and responding to phone calls (only Samsung). The plaintiff pleads ownership of the two asserted patents, which generally relate to a device user interface that has predefined touch gestures, with publicly traded Neonode, Inc. (NEON) acknowledging a right to receive 50% of net proceeds from the assertion of certain patent assets, including those in suit, pursuant to a sale agreement to Aequitas. Shares of NEON rose by over 40% during intraday trading in response to the filings against Apple and Samsung; however, a close look at the technology and the likely return to NEON suggests that investors may want to do their due diligence.