DataTreasury, BoNY Settle Check-Imaging Suit

Law360, New York (September 5, 2008, 12:00 AM EDT) -- The Bank of New York Co. Inc. has become the third defendant in one week to settle claims in DataTreasury Corp.’s ongoing patent infringement suit over check-imaging and other banking technology, with the parties agreeing to drop the claims as part of a licensing deal.

DataTreasury and Bank of New York filed a joint motion on Thursday asking the U.S. District Court for the Eastern District of Texas to dismiss all claims and counterclaims between them with prejudice. The parties will bear their own costs and...
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