BofA Triumphs In Global Trade Technology Battle

Law360, New York (April 4, 2006, 12:00 AM EDT) -- In a big upset, a federal jury has handed defendants Bank of America N.A. and S1 Corporation a victory in a long-simmering patent infringement suit brought by TradeCard Inc. over a purchase order processing system (POPS).

Last week, a jury in the U.S. District Court for the Southern District of New York ruled that Bank of America and S1 Corporation had not infringed TradeCard’s patent, entitled "Full Service Trade System."

Taking the matter one step further, the jury also declared TradeCard’s patent invalid, capping off the...
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.