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SEDONA royalty claim against OSI rejected by US district court.

TELECOMWORLDWIRE-24 August 2009-SEDONA royalty claim against OSI rejected by US district court(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

A US court has rejected claims by financial services software provider SEDONA Corporation (OTCBB:SDNA) that it is entitled to royalty payments from Open Solutions Inc (OSI) on sales of cView, the company reported on Friday.

The US District Court in Connecticut accepted OSI's claim that cView was a licence enhancement not subject to royalties.

SEDONA vice president and CFO Anita Primo said that the company was disappointed with the ruling and will consider filing an appeal.

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Publication:Telecomworldwire
Date:Aug 24, 2009
Words:109
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