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NETWORK 1 TECHNOLOGIES INC : Other Events (form 8-K)

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03/26/2020 | 08:17 pm

Item 8.01 Other Events.

On March 25, 2020, with respect to Network-1 Technologies Inc.'s litigation
against Dell, Inc., the District Court, 241st Judicial District Court in Smith
County, Texas
issued a decision granting summary judgment in favor of Network-1
and against Dell, Inc.

On November 13, 2018, Network-1 filed the lawsuit against Dell for breach of a
settlement and license agreement as a result of Dell's failure to make royalty
payments, and provide corresponding royalty reports, based on sales of Dell's
Power over Ethernet products for the period that accrued (and were not paid)
prior to and following the Hewlett Packard jury verdict in November 2017 through
March 7, 2020 (the expiration of Network-1's Remote Power Patent). As a result
of the summary judgment decision in favor of Network-1, it is the Network-1's
position that Dell is now obligated to pay Network-1 all prior unpaid royalties
that accrued prior to and after the date of the Hewlett Packard jury verdict
through March 7, 2020.


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