GENBAND Settles Patent Lawsuit

Frisco-based GENBAND, which develops communications hardware products, reported Friday afternoon that it has settled an intellectual property right dispute it had with Communications Test Design Inc. (CTDI). Financial terms of the settlement were not announced. GENBAND had filed the lawsuit in the United States Eastern District Court of Texas. GENBAND said it "successfully defended" its intellectual property rights relating to repair and upgrades of its products.