BancorpSouth Settles In Online Message Patent Suit

Law360, New York (January 19, 2010, 11:56 AM EST) -- BancorpSouth Bank has become the latest financial institution to settle claims brought by Wolf Run Hollow LLC accusing more than a dozen banks of infringing a patent for transmitting secure online messages.

BancorpSouth reached a licensing agreement to end the feud, according to a motion filed by Wolf Run on Friday to dismiss the claims in the U.S. District Court for the Eastern District of Texas.

Terms of the nonexclusive agreement — a deal that also put an end to claims against several other defendants in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.