Patent Verdict Against US Bank Doubled To $53M

Law360, New York (September 28, 2010, 4:15 PM EDT) -- A federal judge has found that U.S. Bank NA should pay double a jury's award of nearly $27 million in the first phase of a suit brought by DataTreasury Corp. alleging the bank infringed two patents related to digital check imaging and storage.

Judge David Folsom of the U.S. District Court for the Eastern District of Texas on Monday granted part of the plaintiffs' bid for enhanced damages, which are punitive, saying the bank's hefty $54 billion size meant the larger payment would more effectively punish...
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