FlexShopper, Inc. announced on October 1, 2024, that it has initiated legal action against Katapult Holdings, Inc. The lawsuit alleges unauthorized use of FlexShopper's patented technologies. This legal challenge could have implications for Katapult's operational practices and financial standing.
The patent infringement claim targets Katapult Holdings, Inc. for its alleged use of proprietary technologies without proper authorization. FlexShopper, a competitor in the online lease-to-own and payment solutions sector, is actively defending its intellectual property.
The outcome of this lawsuit remains uncertain, but it introduces a new legal and financial risk for Katapult. The company will need to allocate resources to defend itself, and a negative ruling could lead to significant financial penalties or require changes to its platform.
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