Chase's Suit Over $69M Patent Pay Survives Toss Bid

Law360 (July 11, 2019, 7:12 PM EDT) -- The Delaware chancellor on Thursday allowed the bulk of a Chase Bank suit related to a prior court-ordered $69 million royalty refund it wants to collect from patent licensing firm DataTreasury Corp. to move forward as another suit related to the refund also proceeds.

In a 70-page opinion, Chancellor Andre G. Bouchard ruled that although some of JPMorgan Chase Bank NA’s claims against DTC are time-barred, others can proceed, including Chase’s assertion it should be able to recover $13.7 million for certain alleged fraudulent transfers made to DTC insiders between 2011 and 2013 and that DTC’s directors should be held liable...

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