August 23, 2011

Geeknet, Tightrope and VideoLan Settle Litigation

As of August 23, 2011, Geeknet, Inc. and and Tightrope Interactive, Inc. have agreed to resolve litigation pending in the United States District Court, Northern District of California without any admission or finding of liability by any party. Under the settlement, each party has dismissed its claims in the lawsuit. Geeknet Inc. and acknowledge that Tightrope Interactive is distributing the VLC Media Player in accordance with the terms of the General Public License V 2.0 and that Tightrope's website provides extensive disclosures to consumers consistent with that license and the Trademark License entered into between the parties. Tightrope Interactive will receive a license to use the VideoLan trademarks. In exchange, Tightrope Interactive will assign its rights to the VLC mark registered with the US Patent and Trademark Office and transfer the internet domain to

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