IMX Wins Patent Trial Against LendingTree; Jury Rules in Favor of IMX, Awards More Than $5.7 Million in Damages

IMX, Inc., a leading provider of technology solutions for the mortgage industry, today announced that it has received a favorable jury verdict in its intellectual property case against LendingTree, LLC in the U.S. District Court of Delaware, finding willful infringement of U.S. Patent No. 5,995,947. The patent provides an Internet-accessible, interactive, real-time network whereby borrowers and lenders exchange information in the pursuit of securing a loan.