Network-1 Technologies, Inc. announced on December 26, 2024, that its wholly-owned subsidiary, HFT Solutions Technologies, LLC, initiated patent litigation. The lawsuits were filed against Citadel Securities, LLC and Jump Trading, LLC.
The litigation was commenced in the United States District Court for the Northern District of Illinois. It alleges infringement of U.S. Patent No. 10,931,286, among other patents, which are part of Network-1's High-Frequency Trading (HFT) Patent Portfolio.
This action represents a significant move by Network-1 to monetize its HFT intellectual property against major players in the financial trading industry. The outcome of such litigation could result in substantial licensing agreements or settlements, impacting future revenue streams.
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