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Old 02-18-2004, 10:09 AM   #1
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CVI Countersues Acacia - Seeks Class Action

Just saw this on www.allofem.com:

Cybernet Ventures, parent company of Adult Check, has filed a countersuit and class action suit against Acacia. The suit in part responds to Acacia's claim by detailing instance by instance that they "deny each and every allegation contained in the Complaint". In the counterclaim Cybernet "seeks a declaratory judgement of invalidity, noninfringement and unenforaciblity" on Acacia's streaming media patents. The full text of the document is supplied by All Of 'Em and can be read here in Adobe Acrobat format: http://www.allofem.com/CybernetAcacia1.pdf
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Old 02-18-2004, 10:14 AM   #2
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pdf wont open!
but this has to be good news...bumP
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Old 02-18-2004, 10:15 AM   #3
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Acacia is going to end up in the shitter by the time its all over.

They messed with the wrong people when they figured adult would be a bunch of lay downs.
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Old 02-18-2004, 10:28 AM   #4
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go ac!
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Old 02-18-2004, 10:36 AM   #5
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Good!!!! Acacia
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Old 02-18-2004, 10:42 AM   #6
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I hope its True, GO A/C
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Old 02-18-2004, 10:43 AM   #7
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who is acacia

HAHAHHA j/K!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!111
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Old 02-18-2004, 10:46 AM   #8
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I hope the knock them on their ass for good!
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Old 02-18-2004, 12:57 PM   #9
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I hope the knock them on their ass for good!
YUP !!
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Old 02-18-2004, 01:00 PM   #10
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Fucking A . . go AC tear those fucks a new asshole!
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Old 02-18-2004, 01:06 PM   #11
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mega ...
Way to go AdultCheck.com...
going to have to read up on this.
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Old 02-18-2004, 01:11 PM   #12
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Acacia within 6 months bankruptcy
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Old 02-18-2004, 01:13 PM   #13
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Acacia within 6 months bankruptcy
we could only hope, but don't forget they have lasted on the whole V-chip deal.. that's been going on about 10 years hasn't it?
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Old 02-18-2004, 01:14 PM   #14
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Good to know someone is trying
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Old 02-18-2004, 01:15 PM   #15
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Old 02-18-2004, 01:16 PM   #16
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Good news. Will have to watch and see how this develops.
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Old 02-18-2004, 01:18 PM   #17
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Here's the link from a post earlier today.

http://www.allofem.com/CybernetAcacia1.pdf

I believe the "class action" part just pertains the group of defendants sharing the same liabilities. Cybernet does demand a jury trial, denies all liability for infringments and sets forth 15 affirmative defenses. The counterclaims are pretty much pro-forma. You have to assert any counterclaims in your Answer, or else waive them. These can be amended later. Basically, Cybernet is asking for equitable relief from further harrassment, attorneys fees, and any other equitable remedies deemed fit by a judge or jury. However, attorney's fees and costs could run quite high in a case like this
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Old 02-18-2004, 01:20 PM   #18
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Way to go CVI
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Old 02-18-2004, 01:22 PM   #19
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Like any lawsuit this will take time as well, but more shit that gets thrown against a wall the better , some of it will stick
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Old 02-18-2004, 01:33 PM   #20
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Quote:
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Like any lawsuit this will take time as well, but more shit that gets thrown against a wall the better , some of it will stick
And cost'em lawyer are not cheap.
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Old 02-18-2004, 01:38 PM   #21
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Like any lawsuit this will take time as well, but more shit that gets thrown against a wall the better , some of it will stick
true
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Old 02-18-2004, 01:49 PM   #22
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Old 02-18-2004, 02:30 PM   #23
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Did anyone read the PDF?

the Fifth Affirmative Defense says that Acacia had their claims of one of their main patents (the '902 one) checked by a research company. The company made a report that basically said that the patent is _NOT_ novel. They had 28 references to stuff that talked about the same ideas. Most of them dated BEFORE the date on the 902 patent! They did not include that report when submitting it to the PTO...

very interesting.. (hope I didn't misunderstand)
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Old 02-18-2004, 03:26 PM   #24
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Originally posted by KRL
Acacia is going to end up in the shitter by the time its all over.

They messed with the wrong people when they figured adult would be a bunch of lay downs.
Actually, there were quite a few laydowns already....
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Old 02-18-2004, 03:31 PM   #25
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Acacia is going to end up in the shitter by the time its all over.

They messed with the wrong people when they figured adult would be a bunch of lay downs.
You're forgetting how many adult companies have laid down.
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Old 02-18-2004, 03:33 PM   #26
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Nice one
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Old 02-18-2004, 03:39 PM   #27
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Awesome!

Go AC!
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Old 02-18-2004, 05:08 PM   #28
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Here's an XBiz article with some analysis:
http://xbiz.com/articles/index.php?article_idp=1115
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Old 02-18-2004, 05:41 PM   #29
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Did you see where Acacia was doing a $50m shelf offering to raise cash. What happened to the $40m+ cash on hand they had last quarter? Can't wait to see the quarterly report.

V
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Old 02-18-2004, 05:49 PM   #30
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who is working at xbiz on these articles ? They're on top of things quick and doing a nice job of covering issues.
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Old 02-18-2004, 06:01 PM   #31
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Adult Check

Acacia stock is dropping today and earnings come out tomorrow.
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