Capital One, UBS, Others Sued Over Online Banking IP

Law360, New York (March 20, 2012, 5:05 PM EDT) -- Information technology company Pi-Net International Inc. added Capital One Financial Corp., UBS Financial Services Inc. and others to a growing list of litigants Monday, alleging the banks' online banking systems infringe three patents.

In five separate suits filed in Delaware federal court, Pi-Net accuses the banks of infringing its patents by offering online brokerage and banking services to its customers and allowing them to make transactions via their websites.

“[Defendants'] online financial system provides … Web applications for rendering financial services practicing the claimed inventions,” Pi-Net...
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Case Information

Case Title

Pi-Net International Inc. v. WSFS Financial Corporation et al


Case Number

1:12-cv-00352

Court

Delaware

Nature of Suit

Patent

Judge

Richard G. Andrews

Date Filed

March 18, 2012


Case Title

Pi-Net International Inc. v. UBS Financial Services Inc.


Case Number

1:12-cv-00353

Court

Delaware

Nature of Suit

Patent

Judge

Richard G. Andrews

Date Filed

March 19, 2012


Case Title

Pi-Net International Inc. v. Sovereign Bank N.A.


Case Number

1:12-cv-00354

Court

Delaware

Nature of Suit

Patent

Judge

Richard G. Andrews

Date Filed

March 19, 2012


Case Title

Arunachalam v. Citizens Financial Group Inc.


Case Number

1:12-cv-00355

Court

Delaware

Nature of Suit

Patent

Judge

Richard G. Andrews

Date Filed

March 19, 2012


Case Title

Pi-Net International Inc. v. Capital One Financial Corporation et al


Case Number

1:12-cv-00356

Court

Delaware

Nature of Suit

Patent

Judge

Richard G. Andrews

Date Filed

March 19, 2012

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