BofA Countersuit Against EPC Transferred To Fla.

Law360, New York (September 12, 2007, 12:00 AM EDT) -- A Delaware court agreed on Tuesday to transfer a countersuit filed by Bank of America NA against Every Penny Counts Inc. and SIP Assets LLC to the Florida district where EPC originally sued BofA for allegedly infringing its patent on an automated banking program.

About two months after EPC originally sued Bank of America Corp. in January, BofA, an affiliate of BAC, sued EPC and SIP for declaratory judgment in the U.S. District Court for the District of Delaware. BofA included SIP because EPC had licensed...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.