Item 8.01 Other Events.
On January 23, 2020, Network-1 Technologies, Inc. (the "Company") announced that
the United States Court of Appeals for the Federal Circuit ("Federal Circuit")
issued its decision finding in favor of the Company in the appeal by the
Company's wholly-owned subsidiary Mirror Worlds Technologies, LLC, of a summary
judgment decision in favor of Facebook, Inc. in the United States District Court
for the Southern District of New York.
In its decision, the Federal Circuit reversed the summary judgment finding that
Mirror Worlds presented sufficient evidence in response to Facebook's motion for
summary judgment, that the "sole basis for the grant of summary judgment" was
erroneous and remanded the litigation to the Southern District of New York for
further proceedings. The decision also rejected Facebook's "alternative
grounds" for supporting the District Court's erroneously entered judgment. A
copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release dated January 23, 2020
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