Amazon, JPMorgan Settle Data Encryption Patent Suit

Law360 (July 31, 2009, 4:51 PM EDT) -- Amazon.com Inc. and JPMorgan Chase & Co. have settled with TQP Development LLC in litigation accusing nearly two dozen banks, several major credit card companies and others of infringing a patent related to an online encrypted data transmission method.

Judge T. John Ward granted a stipulated motion for dismissal on Thursday in the U.S. District Court for the Eastern District of Texas, dismissing all claims and counterclaims between JPMorgan and TQP. A day earlier, he also approved a deal between Amazon and the patent holder.

JPMorgan and TQP signed off on a "settlement agreement" on June 15, according to the order....

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