BancorpSouth Settles In Online Message Patent Suit

Law360, New York (January 19, 2010, 11:56 AM EST) -- BancorpSouth Bank has become the latest financial institution to settle claims brought by Wolf Run Hollow LLC accusing more than a dozen banks of infringing a patent for transmitting secure online messages.

BancorpSouth reached a licensing agreement to end the feud, according to a motion filed by Wolf Run on Friday to dismiss the claims in the U.S. District Court for the Eastern District of Texas.

Terms of the nonexclusive agreement — a deal that also put an end to claims against several other defendants in...
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