August 20, 2021 (Newswire.com) –
On August 13, 2021 the Nebraska Supreme Courtroom dominated on appeals by Planet Bingo, LLC and VKGS LLC “Video King”, bringing an finish to eleven years of litigation first introduced by Planet Bingo in state and federal courts in Michigan. Whereas the Nebraska Supreme Courtroom opinion affirmed each a breach of contract declare of Video King in addition to a breach of contract counterclaim by Planet Bingo, there was no ruling that restricts, restrains or in any other case diminishes the proper of Video King to make use of any of its mental property together with the OMNI software program system. The ruling merely affirmed the damages that every occasion was awarded throughout two separate jury trials—Video King was awarded $558,405 which shall be netted towards an award of $2.99 million to Planet Bingo. Whereas Planet Bingo sought to acquire injunctive reduction alleging misappropriation of commerce secrets and techniques, amongst numerous different claims, no reduction was granted. In actual fact, all claims of the events—apart from the damages for a breach of contract—have been both dismissed or denied at trial.
In brief, each events sought and have been awarded financial damages on singular claims of breach of contract—which have already been paid by way of surety. Notably, regardless of faulty suggestion on the contrary, this litigation didn’t end in any restriction, restraint or different impairment upon the usage of Video King’s mental property. Particularly, the Nebraska Supreme Courtroom, nor some other courtroom, didn’t limit Video King’s proper or capability to deploy and use its cutting-edge OMNI software program administration system that it has continued to develop during the last 15 years. “Furthermore, as a pioneer and chief of the digital gaming trade, Video King will proceed to develop and market OMNI in addition to different progressive merchandise. Whereas we aren’t in the end happy with the financial results of this litigation, we’re extraordinarily comfortable to have this nuisance litigation behind us” stated Rusty Morin, Video King’s Chief Monetary Officer.
Rusty Morin, Chief Monetary Officer
1045 N. a hundred and fifteenth St. Suite 200
Omaha, NE 68154
402-951-2970 ext. 6843
Supply: Nebraska Supreme Courtroom Opinion – August 13, 2021