Citi, Others Resolve Walker's Data Encryption IP Suit

Law360, New York (September 16, 2011, 4:14 PM EDT) -- Citigroup Inc., Discover Financial Services, MasterCard subsidiary Orbiscom Ltd. and Wells Fargo & Co. on Thursday became the latest to settle patent infringement claims brought by Walker Digital LLC in a suit over account number encryption technology.

U.S. District Judge Gregory M. Sleet signed off on a stipulated order of dismissal in Delaware federal court, saying Walker Digital and the defendants had resolved their differences in the matter. The terms of the agreement were not immediately available.

With the four companies’ departures, spending management and payment...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.