secwatch.observer — SEC 8-K summary
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Issuer:     NETWORK-1 TECHNOLOGIES, INC. (NTIP)
CIK:        0001065078
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001072613-24-000944
Event type: litigation
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Network-1 sues Citadel Securities and Jump Trading for HFT patent infringement
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- Subsidiary HFT Solutions filed suit in Northern District of Illinois against Citadel Securities and Jump Trading.
- Three patents asserted: U.S. Patent Nos. 10,931,286, 11,128,305, and 11,575,381, acquired in March 2022.
- HFT patent portfolio now includes 11 issued U.S. patents and 2 pending applications, with terms expected through 2040.
- Portfolio covers FPGA clock-domain management technology critical for low-latency high-frequency trading.
- Company offers licensing to firms using FPGA systems for market making or proprietary trading.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065078/000107261324000944/0001072613-24-000944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065078/000107261324000944/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001072613-24-000944

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer