Align Technology pays $44 million for new Santa Clara property

Align Technology (NSDQ:ALGN) said last week it paid $44 million to pick up new properties in Santa Clara, Calif.

The company said it already delivered $1 million in an escrow payment, but has not yet announced how the property will be used or developed.

San Jose, Calif.-based Align Technology has until January 6 to terminate the purchase, according to the SEC filing.

In September, the U.S. International Trade Commission declined to fight for its authority to regulate data, leaving the battle between Align Technology and ClearCorrect to play out in patent infringement litigation.

Both Align and the ITC had until August 26 to appeal a ruling made in November which found that the ITC does not have jurisdiction over the transmission of digital data over the internet.

The decision is the latest in an ongoing dispute between the companies over patents related to clear orthodontic liners.

ClearCorrect called the lack of appeal a victory, saying that the “Federal Circuit cleared ClearCorrect, LLC of any liability in the International Trade Commission’s investigation relating to Align Technology’s claims of patent infringement.”

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