ViewPoint Bank Settles Online Message Patent Suit

Law360, New York (December 2, 2009, 12:27 PM EST) -- Texas-based ViewPoint Bank has become the second defendant to take a license agreement in a lawsuit accusing several banks of infringing a Wolf Run Hollow LLC patent for transmitting secure online messages.

Kinnelon, N.J.-based Wolf Run filed a motion Tuesday in the U.S. District Court for the Eastern District of Texas seeking to dismiss its claims against Plano-based ViewPoint with prejudice based on the license agreement.

The license is nonexclusive, but no other terms were disclosed in the motion. Neither an attorney for Wolf Run nor...
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