MGT Provides Litigation Update Claim Construction Hearing Set For September 25, 2014
HARRISON, N.Y., Jan. 28, 2014 /PRNewswire/ -- MGT Capital Investments, Inc. (NYSE MKT: MGT) announced today that the U.S. District Court for the Southern District of Mississippi has issued an Order setting the timeline for electronic discovery and the Claim Construction Hearing in MGT Gaming's patent infringement lawsuit.
Originally filed as one lawsuit on November 2, 2012, the lawsuit has been split into three separate cases as follows: 1) MGT Gaming, Inc. v. WMS Gaming, Inc. et al, case number 3:13-cv-00691-CWR-FKB; 2) MGT Gaming, Inc. v. WMS Gaming, Inc. et al, case number 3:13-cv-00692-CWR-FKB; 3) MGT Gaming, Inc. v. Aruze Gaming America, Inc. et al, case number 3:13-cv-00693-CWR-FKB. The previously announced June 5, 2014 Claim Construction Hearing date has been changed as all parties to the litigation agreed with the Court to allow sufficient time for fulsome discovery.
MGT Gaming recently filed its Infringement Contentions for both the 7,892,088 and 8,500,554 Patents. These filings as well as all other case filings can currently be found on the PACER system at www.pacer.gov. "We are in the process of revising our website to include the PACER filings," said Robert Ladd, MGT's Chief Executive Officer. "We believe that this timely information will allow investors to make informed investment decisions."
About MGT Capital Investments, Inc.
MGT and its subsidiaries are engaged in the business of acquiring, developing and monetizing assets in the online and mobile gaming space, as well as the casino industry.
MGT Gaming, a majority owned subsidiary, owns U.S. Patent Nos. 7,892,088 and 8,500,554 relating to certain casino slot machine systems and has filed a patent infringement lawsuit against WMS Gaming (a subsidiary of Scientific Games Corporation), and others. The Company also owns a majority interest in FanTD LLC, the operator of FanThrowdown.com, one of the leading online daily fantasy sports wagering websites. Another majority owned subsidiary, MGT Interactive, owns REAL DEAL POKER™, an innovative online poker technology with a patented card shuffling system, allowing for regulatory transparency and auditability, and a higher level of realism. MGT Studios is prepared to offer social casino games and a skilled gaming platform that allows play for real money.
Forward looking statements
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SOURCE MGT Capital Investments, Inc.