JPMorgan Can't Escape E-Commerce Patent Suit

Law360, Los Angeles (November 18, 2013, 4:29 PM EST) -- JPMorgan Chase & Co. lost a bid to ditch a suit that claims the nation’s second largest bank infringed on a Texas-based company’s e-commerce patents, a Texas federal judge ruled Monday.

U.S. District Judge Sam Sparks found that Global Sessions LP, the Austin, Texas-based patent holder, had sufficiently demonstrated JPMorgan knew about its patents when it filed patents of its own for its online banking functionality, according to Monday’s decision.

Global Sessions alleged that JPMorgan knew of at least one of the patents involved in the...
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.