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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	August 11, 2006
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  	Verticalnet, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Pennsylvania
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  	000-25269
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  	23-2815834
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	400 Chester Field Parkway, Malvern, Pennsylvania
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  	19355
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(610) 240-0600
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  As previously reported, in September 2004, a complaint (the "Complaint") was filed against Verticalnet, Inc. (the "Company") and several of its former officers and directors in U.S. District Court for the Eastern District of Pennsylvania in an action captioned Jodek Charitable Trust, R.A., et. al. v. Vertical Net Inc. et. al., C.A. No. 04-4455 (the "Jodek Case").<br><br>The Complaint alleged, among other things, that Jodek Charitable Trust, R.A. ("Jodek"), or its predecessors in interest, were damaged by the Company&#x2019;s alleged delays in registering shares of the Company&#x2019;s stock, updating the registration of the Company&#x2019;s stock, releasing the Company&#x2019;s stock from lock-ups and releasing the Company&#x2019;s stock from escrows in connection with the Company&#x2019;s acquisition of Tradeum, Inc. in March 2000.  Jodek claimed damages accrued to it as a result of the decrease in the stock price during the alleged delays.<br><br>On August 11, 2006, the Company and Jodek entered into a Settlement Agreement (the "Settlement Agreement"), that provides for the settlement of the Jodek Case.  Pursuant to the Settlement Agreement: (i) the settlement amount was fixed at $5,563,000; (ii) the Company agreed to (a) pay Jodek approximately $100,000, representing the balance of its $500,000 retention obligation under the its directors&#x2019; and officers&#x2019; insurance policy (the "D&O Policy"), and (b) prosecute an action at Jodek&#x2019;s expense, against the Company&#x2019;s insurer (the "Insurer") under the D&O Policy to require the Insurer to pay the balance of the settlement amount for the benefit of Jodek; and (iii) Jodek released the Company and all other defendants of all claims.  Under the Settlement Agreement, the Company will only be required to pay the settlement amount of $5,563,000 if the claims are collected from the Insurer.<br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Verticalnet, Inc.
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  <I>
  	August 17, 2006
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  <I>
  	By:
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  <I>
  	Gene S. Godick
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  	&nbsp;
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  <I>
  	Name: Gene S. Godick
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  <I>
  	Title: Executive Vice President and Chief Financial Officer
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_14478.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10128}]
metadata_filer: {"company-data": {"conformed-name": "VERTICALNET INC", "cik": "0001043946", "assigned-sic": "7372", "irs-number": "232815834", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25269", "film-number": "061039860"}, "business-address": {"street1": "400 CHESTER FIELD PARKWAY", "city": "MALVERN", "state": "PA", "zip": "19355", "phone": "2153286100"}, "mail-address": {"street1": "400 CHESTER FIELD PARKWAY", "city": "MALVERN", "state": "PA", "zip": "19355"}}
text: Verticalnet, Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  August 11, 2006
  Verticalnet, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Pennsylvania
  000-25269
  23-2815834
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  400 Chester Field Parkway, Malvern, Pennsylvania
  19355
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (610) 240-0600
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  As previously reported, in September 2004, a complaint (the "Complaint") was filed against Verticalnet, Inc. (the "Company") and several of its former officers and directors in U.S. District Court for the Eastern District of Pennsylvania in an action captioned Jodek Charitable Trust, R.A., et. al. v. Vertical Net Inc. et. al., C.A. No. 04-4455 (the "Jodek Case").
  The Complaint alleged, among other things, that Jodek Charitable Trust, R.A. ("Jodek"), or its predecessors in interest, were damaged by the Company's alleged delays in registering shares of the Company's stock, updating the registration of the Company's stock, releasing the Company's stock from lock-ups and releasing the Company's stock from escrows in connection with the Company's acquisition of Tradeum, Inc. in March 2000.  Jodek claimed damages accrued to it as a result of the decrease in the stock price during the alleged delays.
  On August 11, 2006, the Company and Jodek entered into a Settlement Agreement (the "Settlement Agreement"), that provides for the settlement of the Jodek Case.  Pursuant to the Settlement Agreement: (i) the settlement amount was fixed at $5,563,000; (ii) the Company agreed to (a) pay Jodek approximately $100,000, representing the balance of its $500,000 retention obligation under the its directors' and officers' insurance policy (the "D&O Policy"), and (b) prosecute an action at Jodek's expense, against the Company's insurer (the "Insurer") under the D&O Policy to require the Insurer to pay the balance of the settlement amount for the benefit of Jodek; and (iii) Jodek released the Company and all other defendants of all claims.  Under the Settlement Agreement, the Company will only be required to pay the settlement amount of $5,563,000 if the claims are collected from the Insurer.
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Verticalnet, Inc.
  August 17, 2006
  By:
  Gene S. Godick
  Name: Gene S. Godick
  Title: Executive Vice President and Chief Financial Officer