Wells Fargo Loses 2nd USAA Patent Trial In $102M Verdict

By Mike LaSusa (January 10, 2020, 10:30 PM EST) -- A federal jury in the Eastern District of Texas handed down a $102 million verdict against Wells Fargo on Friday, marking the second time in recent months that a jury has found the bank willfully infringed mobile deposit patents owned by the United Services Automobile Association.

Friday's $102,792,510 verdict comes after another jury in the same district found in November that Wells Fargo Bank NA infringed two different USAA patents and ordered the bank to pay $200 million in damages.

The juries in both cases found that the infringement was willful, so the total damages could eventually be tripled to over $900 million....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!