LendingTree, LLC and IMX, Inc. Announce Settlement of Patent Litigation

August 20, 2008 - LendingTree and IMX today announced that they have settled their outstanding patent litigation. The settlement agreement satisfies the judgment entered against LendingTree in favor of IMX, and resolves all claims asserted in the pending appeal of that judgment. As a result of the settlement agreement, the appeal will be dismissed and LendingTree will receive a patent license from IMX.

About IMX, Inc.

IMX, Inc., based in Houston, Texas, is a leading provider of software solutions for the mortgage industry. IMX offers a comprehensive suite of workflow tools that enable mortgage lenders and originators to communicate and conduct business quickly and efficiently, online. All the Company's products deliver real-time, fully-adjusted pricing to any user with browser access.

IMX is dedicated to helping mortgage professionals apply the efficiencies of Internet technology to their already-existing daily business processes. IMX's innovative and patented (patent #5,995,947) pricing technology delivers unmatched product discovery for brokers and retail branches, and advanced web-enabled distribution channels for lenders. For more information about IMX, please visit www.imx.com or call (800) 401-4639.


Back To Press Releases