Comerica Settles TQP Online Encryption Patent Feud

Law360, New York (December 10, 2009, 1:37 PM EST) -- Comerica Inc. has become the latest in a long line of banks and finance firms to resolve a patent infringement suit launched by TQP Development LLC over technology for online encrypted data transmissions.

Having reached a settlement, TQP and Comerica filed a stipulation to dismiss their claims and counterclaims with prejudice Wednesday in the U.S. District Court for the Eastern District of Texas.

Comerica, a financial services company based in Dallas, and its bank subsidiary signed a “settlement, release and license agreement” with TQP on Tuesday,...
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