Tech Cos. Appeal $1.8M Wells Fargo Arbitration Award

Law360, New York (November 25, 2009, 2:28 PM EST) -- Three technology companies are appealing a $1.8 million arbitration award that has been upheld by a federal court, resuscitating a dispute stemming from a licensing agreement with Wells Fargo Bank NA that relates to technology patents for central check-clearing systems.

WMR e-Pin LLC, Synoran LLC and intervenor e-Banc LLC notified Wells Fargo of their appeals of four U.S. District Court for the District of Minnesota orders to the U.S. Court of Appeals for the Eighth Circuit on Tuesday.

Wells Fargo Bank NA had sued the companies...
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