Source, Amex Lay Down Guns In Patent Spat

Law360, New York (October 17, 2007, 12:00 AM EDT) -- Just a week after lambasting the credit card giant and describing as “inexcusable” its conduct in the discovery phase of the case, Source Inc. has agreed to settle its patent suit with American Express Co.

A joint motion to halt the litigation in its tracks was filed by the once-warring parties in the U.S. District Court for the Eastern District of Texas Tuesday afternoon, hours after the pair resolved their differences over the four patents at issue.

“The parties have reached an agreement and while the...
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