Zions Latest To Settle In Huge DataTreasury IP Suit

Law360, New York (February 24, 2009, 12:00 AM EST) -- Zions Bancorporation and Zions First National Bank have become the latest companies to settle with DataTreasury Corp. in a protracted lawsuit that accused more than 50 financial companies of infringing several patents related to check-imaging and other banking technology.

Zions lodged a motion to dismiss with prejudice all claims and counterclaims pending between the companies on Monday in the U.S. District Court for the Eastern District of Texas, writing that it had reached a settlement, release and licensing agreement with DataTreasury.

Zions and DataTreasury agreed to...
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