5th Circ. Affirms JPMorgan's $69M Win In IP Licensing Row
Law360, Los Angeles (May 19, 2016, 9:15 PM EDT) -- JPMorgan Chase & Co. won a split Fifth Circuit decision affirming a refund of $69 million it paid to license patented technology for scanning checks when the court found on Thursday the bank’s most-favored licensee provisions applied retroactively.
The nation’s largest bank had won the refund in June when U.S. District Judge Michael Schneider ruled that patent holder DataTreasury Corp. would have to give back much of the sum JPMorgan had paid in fees after striking a similar, but much cheaper, deal with Cathay Bank to use the technology, court records show.
The three-judge appeals panel affirmed that ruling Thursday, finding...
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