3 More Banks Settle Online Banking Patent Suit

Law360, New York (March 25, 2010, 2:17 PM EDT) -- JPMorgan Chase & Co., BOK Financial Corp. and Bank of Texas NA have agreed to settle a patent suit brought by a Florida man claiming more than two dozen financial institutions infringed his online banking patent.

Inventor Leon Stambler of Parkland, Fla., lodged a notice of settlement for BOK and Bank of Texas on Wednesday in the U.S. District Court for the Eastern District of Texas. Stambler informed the court of his settlement with JPMorgan Chase on March 26.

Details on the settlement were not provided...
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