OpenTable Sued for Not Reserving Patent

Wednesday, May 20, 2009  |  Updated 1:15 PM PDT
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OpenTable Sued for Not Reserving Patent

Making a reservation at that fancy French restaurant online may have gotten OpenTable in trouble.

In the same week that OpenTable has been making all kinds of headlines as it prepares for its initial public offering, the resy service has been hit with a suspiciously-timed patent infringement lawsuit.

The SF-based OpenTable is accused of violating patents from former rival (and now-defunct) MonkeyRules.com, including one for "the ability to search for and make restaurant reservations," which we'd guess is rather important.

The Wall Street Journal said the filing would happen anyway:

OpenTable could not immediately be reached for comment and is in a quiet period. But the online restaurant reservation service appears confident in its IPO. On Tuesday morning, the same day OpenTable amended its S-1 filing to disclose this lawsuit, underwriters for the company boosted its estimated price range to $16 to $18 per share from $12 to $14 per share. The company will offer about 1.57 million shares, while existing stockholders will sell about 1.43 million shares, according to a regulatory filing.

Earlier this week OpenTable set its IPO terms (3 million shares at $12-$14 each), but in the face of a recession that has hit the restaurant industry particularly hard, the resy company actually turned a profit last quarter.

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