DATATRAK Announces Settlement of Patent Litigation

/EINPresswire.com/ -- CLEVELAND, OH--(Marketwired - January 06, 2016) - DATATRAK International, Inc. (OTCQX: DTRK), the leader in developing cloud-based, unified dClinical™ technologies and delivering related services for the clinical trials industry, today announced that it has entered into a settlement agreement with Medidata Solutions, Inc. to resolve all existing patent litigation between the parties.
Under the terms of the settlement agreement, the parties agreed to dismiss the claims against each other in the lawsuits pending in the U.S. District Court for the Northern District of Ohio and the U.S. District Court for the District of New Jersey. Neither party made any payment as part of the settlement. DATATRAK and Medidata also agreed to mutual covenants not to sue with respect to the patents-in-suit and related patents.
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DATATRAK International, the leader in developing cloud-based, unified dClinical
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About
DATATRAK
DATATRAK International is a worldwide technology and services company delivering Unified dClinical
Except for the historical information contained in this press release, the statements made in this release are forward-looking statements. These forward-looking statements are made based on management's expectations, assumptions, estimates and current beliefs concerning the operations, future results and prospects of the Company and are subject to uncertainties and factors which are difficult to predict and, in many instances, are beyond the control of the Company, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. For a list of certain factors that may cause actual results to differ materially from those contemplated in these forward looking statements, please see the Company's report filed with the OTCQX Market on March 13, 2015 announcing its results for the full year period ended December 31, 2014. The Company undertakes no obligation to update publicly or revise any forward-looking statement whether as a result of new information, future events or otherwise.
Dorothy Radke
Director Marketing
DATATRAK International, Inc.
+1-440-443-0082
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