PNC Settles In DataTreasury Check-Imaging Suit

Law360 (April 21, 2008, 12:00 AM EDT) -- Two of more than 50 banks and financial institutions fighting DataTreasury Corp. in a patent infringement suit over check-imaging technology have agreed to settle the litigation, the company said Monday.

The PNC Financial Services Group Inc. and PNC Bank NA will settle their part in DataTreasury's suit against the country's largest financial institutions, including Wells Fargo, Bank of America, U.S. Bancorp, Wachovia Corp. and Lasalle Bank Corp.

As DataTreasury prepared to take the remaining 53 defendants to trial, the company released few details about the settlement...
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