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ABS resolves separate copyright-infringement lawsuits.

APPLIED BUSINESS SOFTWARE INC. (ABS), Long Beach, California, announced it has settled two separate copyright-infringement and breach-of-contract lawsuits.

ABS had sued Old Canal Financial Corporation, Yorba Linda, California, in Federal District Court alleging breach of its software licensing agreements and copyright infringement. After the entry of summary judgment in favor of ABS on its claims, Old Canal agreed to a settlement. The terms of the settlement were not disclosed, but the parties are continuing a license agreement, said ABS.

In addition, ABS also settled a different federal lawsuit with Pacific Mortgage Exchange Inc. (PMEI), Palm Desert, California. ABS had sued PMEI in Federal District Court alleging breach of its software-licensing agreements and copyright infringement. In the settlement, PMEI agreed to pay ABS $50,000, and the licenses to use the ABS software in PMEI's Big Bear and Palm Desert offices were terminated.

"Applied Business Software Inc. is determined to defend its products against copying and infringement of its copyrights," said ABS in a statement. "Copyright infringement is a matter of grave concern to the software industry, and enforcement of licensing agreements is essential to the livelihood of software developers."
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Title Annotation:cases
Publication:Mortgage Banking
Article Type:Brief article
Geographic Code:1USA
Date:Nov 1, 2005
Words:189
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