Discover, NextCard Bury Hatchet In Patent Dispute

Law360, New York (June 23, 2008, 12:00 AM EDT) -- A federal judge has approved an agreement between NextCard LLC and Discover Financial Services to dismiss the companies’ claims against each other in a suit accusing several credit card giants of patent infringement.

Judge T. John Ward of the U.S. District Court for the Eastern District of Texas agreed Friday to approve the agreement, which dismisses the claims without prejudice and provides for each company to pay its own litigation costs.

NextCard filed suit in August 2007 against Discover, American Express Co., HSBC Bank USA NA...
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