Case Filed: Feb 26, 2014
Court: Florida Southern District
Court
Judge: Robert N. Scola, Jr.
Case Summary:
Leon Stambler, who owns a
portfolio of patents relating to secure online transactions has sued five
different banks for patent infringement in the Southern District Court of Florida.
The suits named defendants including: Popular, Inc., Banco Popular de Puerto
Rico, BMO Harris Bank National Association, Synovus Bank, The Huntington
National Bank and Bank United and National Association.
The patent at issue is US5793302,
entitled ‘Method for securing information relevant to a transaction’, legally
issued on Aug 11, 1998 and expired[i]
by Nov 17, 2012. The patent was owned by Leon Stambler, the sole inventor of
the ‘302 patent. The invention concerns
a method and apparatus for authenticating documents, records and objects as
well as the individuals who are involved with them or responsible for them.
The complaints are identical and
claims “defendants have directly infringed claims of the ‘302 patent by
performing secure online transactions initiated using Banco Popular’s secure
online banking products and/or services accessible through their interactive
online website(s). The infringing products include: Popular Online Banking and
My Online Banking, BankUnited Online Banking, BMO Harris Online Banking, Synovus
Online Banking and Huntington Online Banking.
In its prayer for relief, it
seeks judgment that ‘302 patent was infringed and the Court to declare this an
exceptional case and award attorney’s fees and costs.
Stambler has an extensive history
of litigation against financial institutions such as Ally Financial, Capital
One, the Federal Reserve network of banks, etc.
See 0:14-cv-60485
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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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