JPMorgan Settles Suit Over Secure Network Patent

Law360, New York (March 3, 2010, 12:39 PM EST) -- JPMorgan Chase & Co. — one of more than a dozen financial institutions and communications companies targeted in an infringement suit over a patent related to secure credit card transactions — has reached a deal with the patent's inventors and asked a federal judge to dismiss it from the case.

Patent sublicensing company Joao Bock Transaction Systems of Texas LLC and defendants Chase Bank USA NA and JPMorgan lodged a joint motion to dismiss all claims between them on Tuesday in the U.S. District Court for...
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