Limelight Networks, Inc. (NASDAQ:LLNW) Starts Another Lawsuit and Extends the Stock Compensation Program

[[tagnumber 0]]The stock of Limelight Networks, Inc. (NASDAQ:LLNW) bounced from the bottom in the last trading session. Though the company could gain more value on the short–term, it is questionable if it will be attractive for a long–term hold. LLNW starts another lawsuit after the long legal saga with Akamai Technologies, Inc, and it also approved a stock compensation plan that has huge potential to dilute shareholders.[[tagnumber 1]] [[tagnumber 0]][[tagnumber 3]][[tagnumber 1]] [[tagnumber 0]]LLNW closed the session on Monday at $1.76 for a share which is a 6.02% gain from the previous close. The trading volume was below the average for that stock and that will not seem promising for traders to make the appreciation continue today as well. Yet, technical indicators give buy signals and the 20–day moving average serves as a level of support.[[tagnumber 1]] [[tagnumber 0]]There was a news release yesterday that probably caused the jump of the share price. According to it, the company will manage and stream content for CuriosityStream which is a platform for nonfiction video content. Some other releases related to the company had a negative note though and will have longer term impact on the share price.[[tagnumber 1]] [[tagnumber 0]]The outcome of the long–lasting patent infringement dispute with Akamai Technologies was not satisfactory for LLNW and it will seek review by the Supreme Court. Also, on the last day of November the company filed a new lawsuit in the Eastern District of Virginia against Akamai and XO Communications for infringing six of LLNW patents.[[tagnumber 1]] [[tagnumber 0]][[tagnumber 12]][[tagnumber 1]] [[tagnumber 0]]According to another filing, in September LLNW approved a stock for salary and a stock for bonus program for its employees. Thus, beginning in January 2016, participants in the program will be eligible to receive from 0 to 100% of their base salary and/or bonus in the form of shares of the company common stock. The price at which the shares will be issued will be a 30–day closing average price and will be estimated on a monthly basis.[[tagnumber 1]] [[tagnumber 16]] [[tagnumber 1]]