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Bodog Settlement Offer Refused |
The ongoing patent disputes between 1st Technology and the Bodog Entertainment Group have gone from ugly to uglier over the past several months as the two heads of the company face off. The CEO of Bodog, Calvin Ayre is becoming well-known in the online casinos media for his quick temper and often biting name-calling. The Chief at 1st Technology, Dr. Scott Lewis on the other hand is a bit more restrained with how he words public statements, but the effect is the same, both men aren’t willing to give an inch when it comes to settling the patent disputes.
The latest slew of media coverage encompasses what Dr. Lewis is alleging was an attempt by Ayre and Bodog to blackmail and bully 1st Technology into settling the patent dispute. Ayre and his legal team offered 1st Technology a small percentage (1 percent) of the U.S. court ruling and the ceasing of all patent examinations if 1st Technology agreed to settle this dispute. And while 1 percent is much less than 1st Technology is willing to accept in this dispute, the fact that Ayre has threatened to re-exam all of 1st Technology’s current patents if the company doesn’t agree to the settlement is the part of the dispute that Dr. Lewis alleges amounts to blackmail.
1st Technology has aggressively pursued recouping the US $47 million default judgment that a court awarded the company in Bodog’s absence. And although 1st Technology now owns the Bodog.com domain name as a way to recoup some of the money owed, the fact that 1st Technology is establishing a paper trail of the company’s finances is what has caused Ayre to really pursue resolving this situation quickly. But Bodog’s alleged threats were not enough to entice Dr. Lewis and 1st Technology into the discussed settlement, so the dispute between the companies continues.
Source:http://www.gamblecraft.com/ |
