Defendant

Homestore, Inc.

1 case as defendant.

Cases
1
Active
0
1 closed
Filed
2006
Top venue
N.D. Texas
1 case

Company profile

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Homestore, Inc. (also styled Homestore.com, Inc.; renamed Move, Inc. in April 2006) was a U.S. online real estate media company headquartered in Westlake Village, California, later Campbell, California. It launched Homestore.com in 1996, went public on NASDAQ (ticker HOMS), and later traded as MOVE. It was a public operating company throughout its tracked litigation period; in 2014 News Corp agreed to acquire Move, Inc., which today operates Realtor.com.

Operations. Homestore operated consumer real estate listing and search websites and sold advertising and technology services to real estate professionals. Its properties included Realtor.com (operated under agreement with the National Association of Realtors), HomeBuilder.com, RENTNET, Move.com, Senior Housing Net, Welcome Wagon, and Top Producer lead-management software. Reported revenue was roughly $253 million for 2005. The company is not an NPE: it made and sold products and services, and its single tracked patent case is a defense.

Litigation posture. The case data show 1 tracked case, 1 as defendant and 0 as plaintiff — the classic profile of an operating company targeted rather than an asserter. The suit was filed in the Northern District of Texas, a venue then favored by patent plaintiffs, by a non-practicing licensing entity.

Notable case. InternetAd Systems, LLC v. Turner Broadcasting System, Inc. et al. (N.D. Tex., filed June 15, 2006; closed April 8, 2008). InternetAd Systems was a wholly owned subsidiary of Acacia Research Corporation's Acacia Technologies licensing group, which acquired the patents from individual inventors. The asserted portfolio (U.S. Patent Nos. 5,572,643; 5,737,619; 6,185,586; 6,457,025) covers pop-up and interstitial website advertising. Acacia announced a settlement and patent license with Move, Inc. (formerly Homestore, Inc.) on May 22, 2007. The company's SEC filings also disclose earlier patent suits over its websites, including Tren Technologies (E.D. Pa., 2002).

Context. Homestore was renamed Move, Inc. in 2006 specifically to shed the Homestore.com name, which was tied to a 2001–2002 accounting fraud; executives were convicted and a securities class action settled for about $93 million in cash and stock.

InternetAd Systems, LLC v. Turner Broadcasting System, Inc. et al.

unknown
Docket:
3:06-cv-01063
Filed:
2006-06-15
Patents:6185586

InternetAd Systems filed suit against Turner Broadcasting System and several other defendants in the Northern District of Texas. The case was listed in an Acacia Research Form 10-Q under 'User Activated Internet Advertising Technology,' but no confirmed disposition was reported.