Document Security Systems, Inc (NYSEMKT:DSS) Struggles With Legal Suits

1051

Dallas, Texas 01/27/2014 (Financialstrend) – Document Security Systems, Inc (NYSEMKT:DSS)  has had trouble with infringement issues. VirtualAgility is a software company in which DSS is holding stake. In early January, Eastern Texas district court had allowed an infringement suit filed by VirtualAgility against Salesforce.com, denying the stay request placed by the latter before it. A Markman hearing is now scheduled for an April 2 hearing, with the jury selection posted for November.

Document Security Systems, Inc (NYSEMKT:DSS) a few days later had to grapple with a stay of another kind. The North California district court has stayed a suit of infringement filed by  Bascom Research Unit against Facebook, LindkedIn and a few others, until the case currently before the Supreme Court, on the issue of software patenting, is finalized.

Document Security Systems, Inc (NYSEMKT:DSS) saw a steady fall in prices following the issuance of stay order. By the end of trading day on Jan 15, 2014, DSS recorded a fall of 16% on the stock market.

Document Security Systems, Inc (NYSEMKT:DSS) is a $78.77 million market cap company with 1,993,125 volume shares and high trading values. The company has a record 52 week high stock value of $3.64 along with 52 week low of $0.86. The EPS for the stock is -0.05. The stock currently trades at $1.60 and has shown positive movement upwards in the current market scenario. At the close of trading week the company had recorded a rise of 7.38% translating to 0.11 upward growths.

Document Security Systems, Inc(NYSEMKT:DSS) is a technology major which provides cutting-edge technology solutions to detect and protect to printed matter. Though largely available on the enterprise level, the solutions are used extensively in the detection of fraudulent and counterfeit printed documents as well as digital collateral. The essential method of use of the solutions is in the deterrent form as the solutions is high definition optical detection. This Korea-based solutions provided is known for the high value services across the security and protection service sectors.