Wednesday, June 12, 2013

JP Morgan, Autoscribe End Patent Dispute

Case Filed: May 10, 2012

Case Closed: Jun 05, 2013

Judge: Gary Feinerman

Court: Illinois Northern District Court

Other Plaintiff: Pollin Patent Licensing (PPL)

Case Summary:
Electronic payments processor Autoscribe and Pollin Patent Licensing (PPL) filed a patent infringement suit against JP Morgan Chase Bank that alleged they are infringing a patent covering call-in payment technology. The patent involved in suit is US7117171, entitled System and method for making a payment from a financial account, issued on Oct 03, 2006 and expiring[i] by Oct 15, 2012. Autoscribe is the assignee and PPL is the exclusive licensee of the patent.

The complaint stated that the defendant infringes the patent by making use of a method to collect debt (check-by-phone services through call center) that is covered in the ‘171 patent. The complaint sought money damages and all other relief to which the Court may deem the plaintiff be entitled.

The parties have agreed to settle the case and filed dismissal pursuant to which the Court has ordered the case dismissed. 

See 1:12-cv-03580for more details. To get alerts on cases filed/closed, subscribe to our Litigation Alerts.

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[i] Expected expiration date. Patent Term Estimator is a free web-based tool that automatically calculates patent terms and expiration dates for U.S. utility patents.

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