Intellectual Ventures Blasts JPMorgan's Bid To Nix Patent Suit

Law360, New York (June 8, 2015, 10:26 PM EDT) -- There is ample evidence that JPMorgan Chase & Co. infringes an Intellectual Ventures patent through its use of cybersecurity technology, the patent holder argued Monday as it defended against a summary judgment request by the financial giant.

JPMorgan use of an “IBM Crypto Card” infringes Intellectual Ventures’ patent for a cryptographic controller by using a control that generates a signal for its arithmetic unit that selects one of two modes of operation, according to the memorandum.

“Technical documents, source code, engineer testimony and expert analysis all confirm the claimed selection is made when JPMC uses the accused IBM Crypto Cards,” according...

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