RideCo issues statement response to Via Transportation announcement

RideCo responded to the announcement made by Via Transportation (VIA). “RideCo respects the Court’s process and notes that Tuesday’s post-trial rulings are intermediate steps in the same District Court. RideCo looks forward to full review by the Federal Circuit Court of Appeals. Throughout this case, RideCo has acted in good faith to defend itself and to ensure continuity of service for its customers. As a result of trial and post-trial proceedings, Via’s damages claim was cut by more than 85%, one asserted patent was invalidated, and the scope of Via’s remaining patents was substantially narrowed. The litigation relates only to a small segment of RideCo’s microtransit business. The litigation has never concerned and does not affect RideCo’s other microtransit use-cases or its paratransit operations that continue to grow significantly, and which represent the vast majority of RideCo’s overall business.”