MENU
SEARCHAutobytel Inc. and Dealix Corporation have entered into a settlement agreement regarding a patent infringement suit Autobytel filed against Delix in December 2004. The suit was filed in the United States District Court for the Eastern District of Texas.
Irvine, Calif. -- Autobytel Inc. and Dealix Corporation have entered into a settlement agreement regarding a patent infringement suit Autobytel filed against Delix in December 2004. The suit was filed in the United States District Court for the Eastern District of Texas.
Under the agreement, the parties agreed to dismiss the litigation without any admission of wrongdoing.
The agreement provides that Dealix will pay Autobytel a total of $20 million in settlement payments, $12 million of which will be payable within 120 days of November 13, 2006, with the remainder to be paid out in installments of $2.67 million on the next three annual anniversary dates of the initial payment.
The agreement also provides Dealix and The Cobalt Group with a license to of patents and patent applications and mutual releases of claims.
Autobytel Inc. President and Chief Executive Officer James Riesenbach and Dealix Corporation President John Holt said: "We are satisfied that both parties to this litigation have amicably reached an agreement to settle the lawsuit."
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →
It’s time to take the next digital step to free F&I managers to handle the most challenging aspects of customer meetings.
Read More →
Some of it should be given to the customer, but that doesn’t mean the F&I office relinquishes the process. In fact, a different approach both builds trust and boosts sales.
Read More →
Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.
Read More →
Helping F&I customers understand complementary offerings is likely to lead to more sales, based on the success of a high-performing practitioner of the philosophy.
Read More →