DataTreasury, M&T Settle Check-Imaging Patent Spat

Law360, New York (October 22, 2009, 12:30 PM EDT) -- M&T Bank Corp. has reached a licensing agreement with DataTreasury Corp., ending the regional bank's involvement in an ongoing patent infringement suit over electronic check-imaging and other banking technology.

The companies filed an agreed motion to dismiss Buffalo, N.Y.-based M&T Bank Corp. and M&T Bank with prejudice in the the U.S. District Court for the Eastern District of Texas on Wednesday. The motion covers all claims and counterclaims between the two sides.

The request followed a settlement, release and license agreement M&T reached with DataTreasury. The...
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