NetSpend 2011 Annual Report Download - page 113

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Table of Contents
NetSpend Holdings, Inc.
Notes to Consolidated Financial Statements (Continued)
December 31, 2011, 2010 and 2009
NOTE 21: SUBSEQUENT EVENTS (Continued)
NetSpend has been infringing a patent issued in May of 1995 to Telequip Corporation based on the operation of encrypted portions of
NetSpend's website. TQP is seeking a judgment that NetSpend has infringed its patent, an injunction prohibiting NetSpend from continuing to
infringe its patent, damages for NetSpend's alleged prior infringing activity and attorneys' fees and costs. The Company is reviewing the
invention claimed in the patent in an effort to form a view regarding its applicability to the operation of NetSpend's website and the validity of
the claimed invention in light of the relevant prior art.
104