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East Texas Jury Returns $19.5M Verdict in Blockchain Case

October 6, 2024

Last week, an Eastern District of Texas jury returned a verdict in favor of plaintiff Pardalis Technology Licensing, L.L.C., awarding $19.5M in damages for infringement of two patents generally related to an “authoring system” for maintaining data. In its original complaint, filed in November 2022, Pardalis accused defendant IBM of infringing seven such patents, through the provision of various IBM Blockchain products. In connection with this, apparently its sole litigation to date, Pardalis Technology Licensing disclosed inventor-controlled Pardalis, Inc. (f/k/a Pardalis Software, Inc.) as its sole member, with the asserted patents subject to a security interest recorded as part of a round of such interests granted by multiple entities to the same Delaware operation.


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