LendingTree, QuinStreet Reach Settlement on Patent Infringement Suit

""LendingTree, LLC"":https://www.lendingtree.com/, a subsidiary of the North Carolina-based ""Tree.com"":http://www.tree.com/, announced it has reached a settlement in its patent infringement lawsuit against Internet marketing company ""QuinStreet, Inc"":http://quinstreet.com/.

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The lawsuit concerned LendingTree's patent relating to coordinating loans over the Internet. In response to LendingTree's suit, QuinStreet filed counterclaims against the company.

The two companies have settled on ""mutually agreeable terms,"" according to a release from LendingTree. LendingTree and QuinStreet have executed a license for the patent, and QuinStreet has agreed not to continue challenging it. The terms of the license and other provisions of the settlement are confidential.

According to Doug Lebda, chairman and CEO of Tree.com, QuinStreet is the third major company to reach a licensing term on LendingTree's patents. The company anticipates that its trials against other defendants--including Zillow, Adchemy, and Nextag--will take place in early 2014.