Patent Reform Could Protect DataTreasury Defendants

Law360, New York (February 14, 2008, 12:00 AM EST) -- Buried in the Senate's Patent Reform Act is a oft-overlooked provision that could provide relief to a number of banking giants facing a long-running patent lawsuit over check-imaging technology.

The provision, approved by the Senate Judiciary Committee in July, would effectively protect banks involved in a patent battle with DataTreasury Corp. from having to pay any damages in the event that the company's suit is successful.

The litigation involves check processing technology that allows banks to digitally scan, send and archive checks, instead of using paper...
To view the full article, register now.