USAA Scores $218M Win Against PNC In Check Patent Trial
By Ryan Davis (May 13, 2022, 10:16 PM EDT) -- An Eastern District of Texas jury found Friday that PNC Bank willfully infringed four USAA mobile check deposit patents and awarded $218.45 million, the latest in a series of nine-figure jury wins for USAA in patent cases over the technology.
Following a trial that began Monday before U.S. District Judge Rodney Gilstrap in Marshall, Texas, the jurors issued a verdict that sided with the United States Automobile Association, and rejected PNC's argument that the patents are invalid.
The finding of willful infringement means the judge can choose to increase the damages award up to three times.
USAA, a San Antonio-based financial...
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!