TITLE

SkillSoft pays NETg £27m to settle dispute

PUB. DATE
September 2003
SOURCE
IT Training;Sep2003, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
SkillSoft Corp. is to pay NETg dollars 44 million, after settling a five-year legal battle out of court. The dispute began after NETg accused SkillSoft and several of its staff, who were formerly NETg employees, of taking NETg trade secrets. Under the settlement, SkillSoft will pay the sum to NETg by July 2004 and refrain from making certain modifications to its e-learning for an undisclosed period of time. In return, NETg has dropped its legal action, including a patent infringement claim made in 2001 and released SkillSoft and the former NETg staff from any liability based on the alleged use of the intellectual property.
ACCESSION #
10761207

 

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