Federal judge in Texas orders US Bank to pay about $54 million in DataTreasury patent caseBy AP
Tuesday, September 28, 2010
Judge doubles US Bank patent verdict to $54M
DALLAS — A federal judge has doubled a patent infringement verdict against U.S. Bank to about $54 million.
In an 11-page ruling filed in Marshall, U.S. District Judge David Folsom said he was enhancing the damages awarded Plano-based DataTreasury Corp. by an east Texas jury in March. He said the enhanced damages were called for because jurors had found that the Minnesota-based bank willfully infringed on patented DataTreasury technology for capturing and storing images of written checks.
A message left with a U.S. Bank spokeswoman Tuesday evening wasn’t returned. However, spokeswoman Teri Charest had said after the March 20 jury verdict that the company was disappointed and would appeal.