Citibank, Wells Fargo Settle In Credit Card App IP Suit

Law360, New York (June 24, 2010, 4:35 PM EDT) -- Citibank NA and Wells Fargo Financial Inc. have reached a settlement in NextCard LLC's suit accusing a number of banking giants of infringing three patents covering online credit card applications.

Judge T. John Ward of the U.S. District Court for the Eastern District of Texas on Tuesday dismissed claims against Wells Fargo and on Wednesday dismissed claims against Citibank, following separate joint motions to dismiss. In both cases, the claims were dismissed with prejudice.

The suit, which also targets Chase Bank USA NA, Capital One Bank...
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