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UBS Settles Check Imaging IP Suit With DataTreasury

Law360, New York (May 16, 2011, 12:31 PM EDT) -- UBS AG on Friday became the latest company to settle a patent infringement suit over check imaging and other banking technology with DataTreasury Corp.

The two companies agreed to a licensing deal, according to a joint motion to dismiss filed in federal court in Texas, but other terms of the settlement were not immediately available. Both sides agreed to pay their own litigation costs.

Counsel for UBS and DataTreasury could not immediately be reached for comment Monday.

UBS was named in a lawsuit DataTreasury filed in...
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