Local Corp. settled its patent infringement case against Fry’s...

Local Corp. settled its patent infringement case against Fry’s Electronics, Local said Wednesday. The terms of the settlement are confidential, it said. Local Corp. sued Fry’s in 2012 for its alleged infringement of Local’s U.S. Patent No. 7,062,453, which covers “'methods and systems for dynamic networked commerce architecture,'” it said. The suit was filed in the U.S. District Court of Central California, said a Local Corp. spokeswoman. “We are very pleased with the outcome of this settlement, and we believe this further validates the significant unlocked value of our robust patent portfolio,” Local Corp. CEO Fred Thiel said. Fry’s didn’t comment.