Local Corporation Wins Patent Suit

Irvine-based local search provider Local Corporation said today that it has scored a win in a patent infringement suit it has against Fry's Electronics. Financial details of the settlement were not announced. Local Corporation said the win came out of a June, 2012 lawsuit it filed against Fry's for infringing on its U.S. Patent, No. 7,062,453. The company appears to be ramping up its patent lawsuit strategy; the company's CEO said it believes it could generate over $100M in future licensing fees based on "hundreds of websites and applications" that it says infringe upon the company's patent covering "methods and systems for dynamic networked commerce architecture.