Schwab Settles Web Communication Patent Claims

Law360, New York (August 17, 2011, 3:27 PM EDT) -- The Charles Schwab Corp. on Wednesday exited a patent infringement suit filed by Ganas LLC in Texas against a host of finance, communications and technology companies, after the two parties reached a settlement agreement.

U.S. District Judge David Folsom agreed to let Ganas and Schwab permanently drop claims and counterclaims against each other after they indicated Aug. 10 that they had struck a deal to end the litigation, which accuses the defendants of infringing four patents for communicating over the Internet across a firewall using a...
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