NextCard, HSBC Trim Claims In Credit Card IP Spat

Law360, New York (August 11, 2009, 12:56 PM EDT) -- NextCard LLC has reached a partial settlement with two HSBC Holdings PLC units — the last defendants in an infringement suit brought by NextCard over patents for online credit approval technology — with both sides agreeing to trim their claims.

Magistrate Judge Charles Everingham of the U.S. District Court for the Eastern District of Texas issued a stipulated order of dismissal Friday, trimming NextCard's claims against HSBC USA Inc. and HSBC North America Holdings Inc..

In August 2007, NextCard sued credit card giants Discover Financial Services...
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