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Stock impact report

FlexShopper Files Patent Infringement Lawsuits Against Upbound Group, Inc. and Katapult Holdings, Inc.

FlexShopper, Inc. (FPAY) 
NASDAQ:AMEX Investor Relations: investors.flexshopper.com
Company Research Source: GlobeNewswire
BOCA RATON, Fla., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FlexShopper, Inc. (Nasdaq: FPAY), (“the Company”), a leading online lease-to-own retailer and payment solutions provider, has initiated legal action to defend its intellectual property. The Company has filed patent infringement lawsuits against Upbound Group, Inc. (Nasdaq: UPBD) (including its Acima subsidiaries) and Katapult Holdings, Inc., (Nasdaq: KPLT) alleging unauthorized use of FlexShopper's patented technologies. FlexShopper has retained the renowned law firm Quinn Emanuel Urquhart & Sullivan, LLP to represent it in these cases, which were filed in the U.S. District Court for the Eastern District of Texas. The lawsuits revolve around five key patents, granted between 2018 and the present, which protect FlexShopper’s computer-implemented lease-to-own (LTO) technology. The specific patents include US10282778B1, US10891687B2, US12067611B2, US10089682B1, and US11966969B2. “FlexShopper has invested heavily in creating an innov Show less Read more
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