DataTreasury Corporation v. US Bank
NP played a leading role in several related lawsuits filed by DataTreasury against banking giant, JPMorgan Chase, as well as Bank One, U.S. Bank, Bank of America, LaSalle Bank, SunTrust, First Data, Ingenico, Wells Fargo, Wachovia, BancorpSouth, BB&T banks, The Clearing House Payments Company, Viewpointe Archive Services, Citibank, and others. DataTreasury alleged infringement of U.S. Patent Nos. 5,910,988 and 6,032,137, which were issued for image capture, centralized processing and electronic storage of document and check information.
After several arduous years of rigorous litigation, the first of DataTreasury’s cases to go to trial against US Bank obtained a $27 million verdict to be added to the more than $350 million already collected from some 30 other banks and check-processing companies. This case generated significant press coverage and national headlines from The Wall Street Journal, The Washington Post, The American Banker, Bloomberg, and other publications, and has been declared the most significant patent infringement case in the nation.