Virginia Court Dismisses Patents in First Case Against Capital One
Today the U.S. District Court for the Eastern District of Virginia dismissed Intellectual Ventures’ (IV) patents in its infringement complaint against Capital One covering front-end, customer facing retail banking technologies.
“We are disappointed with the court's decision and are considering our options. But, our patent portfolio is deep and we have another action pending against Capital One in Maryland. We remain committed to defending our intellectual property rights, as well as those of our customers and investors,” said Melissa Finocchio, chief litigation counsel for Intellectual Ventures.
In January 2014, IV filed a second suit for patent infringement against Capital One in the U.S. District Court for the District of Maryland, involving five patents relating to mobile banking and back-end database, server and security technologies.That case is still pending.
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