Paltalk wins $65.7M jury verdict against Cisco in patent infringement suit

INTELLIGENT PROTECTION MANAGEMENT CORP.

Jury awarded $65.7 million to Paltalk's subsidiary for Cisco infringing U.S. Patent No. 6,683,858.
Award subject to post-trial proceedings, including potential Cisco appeal, and final judgment.
Company estimates it will receive no more than one third of gross proceeds after legal fees.
Lawsuit was originally filed July 23, 2021, in the Western District of Texas.

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