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Bank, Tech Co. Settle Over Digital Security Patent

Law360 (July 5, 2006, 12:00 AM EDT) -- A lawsuit over digital security systems that pitted a technology company against a Silicon Valley bank has been settled, with Addison Avenue Federal Credit Union agreeing to license the patented system from Entrust Inc.

Addison has agreed to license Entrust’s IdentityGuard system in exchange for a dismissal of all claims against the company. The settlement puts an end to a patent infringement suit filed by Entrust in the U.S. District Court for the Northern District of California.

The patent in question covers a security system used...
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