NextCard, HSBC Settle IP Feud Over Online Credit

Law360, New York (September 4, 2009, 12:25 PM EDT) -- A federal judge has closed NextCard LLC's patent infringement suit over online credit approval technology now that the company has settled with HSBC USA Inc. and HSBC North America Holdings Inc., the last remaining defendants.

Magistrate Judge Charles Everingham IV dismissed the claims and counterclaims with prejudice and terminated the case on Thursday in the U.S. District Court for the Eastern District of Texas after the parties filed a joint stipulation of dismissal Tuesday.

Each side agreed to pay its own attorneys' fees and costs but...
To view the full article, register now.