Re: MetaQuotes Obtains Injunction against PFSoft for Patent Misuse
Posted: Mon May 22, 2017 2:53 am
Will that save the MT5?TheNews wrote: Sat May 20, 2017 5:24 am The developer of the MetaTrader suite claims that its competitor has misused intellectual property
The developer of the most-popular trading platform for forex, MetaQuotes has filed legal action against the developer of the ProTrader suite PFSoft. The lawsuit includes PFSoft LLC Ukraine, PFSoft Ltd Belize and PFSoft Cyprus. The allegations of the suitor are that the defendant misused intellectual property which is in use in ProTrader .Net Station, ProTrader 2, ProTrader 3 and ProTrader Multi-Connect (PTMC).
The intellectual property has been used in the MetaTrader suite of products and concerns MetaTrader 4, MQL4 IDE, MQL4 and MetaTrader 5.
MetaQuotes filed the action in a Cypriot court and obtained an injunction on the 9th of May this year. According to the court order, PFSoft has to remove from its products certain files, applications, components, libraries and programs which belong to the developer of the MetaTrader suite.
PFSoft Response
According to the court order, PFSoft is also required to block all access to the company’s software within 30 days, unless the misuse of the intellectual property is ceased. The injunction is in force until the final judgement on the case is issued.
Commenting on the news, the Global Head of Business Development at PFSOFT, Roman Nalivayko stated to Finance Magnates: “We disagree on merits with accusations raised by MetaQuotes and we decided to defend our position in court. However, as a gesture of goodwill and in order to protect the business of our customers we have decided to satisfy MetaQuotes’ demands.”
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