Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, May 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Court Denies Wells Fargo’s Motion To Nix Patent Suit

WASHINGTON (CN) - The Federal Circuit refused to dismiss a lawsuit accusing Wells Fargo and other major banks of infringing on patents held by DataTreasury Corp. for electronic check-clearing technology.

DataTreasury acquired the patents in 2006 from e-Banc and WMR e-Pin, which previously licensed them to Wells Fargo and other banks.

The three-judge panel ruled that DataTreasury is not bound by the arbitration clause in the licensing agreements, because the provision applied to the original parties only.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...