Intellectual Ventures sues Fifth Third over online banking patents
Intellectual Ventures, a Bel levue based patent assertion firm, accuses Fifth Third Bank and 11 other banks of infringing on patents covering online and ATM banking. The suit spots five alleged infringements and argues that patent litigation is costly, with Intellectual Ventures denying the label of patent troll.
MENTIONED IN THIS ARTICLE
Washington
Fifth Third Bank
Cincinnati
U.S
Intellectual Ventures
Bellevue
Wash
Garry O'Donnell
UC School of Law
Buckingham, Doolittle & Burroughs
Ohio
First National Bank of Omaha
PNC
JP Morgan Chase
Fifth Third
Bank of America
Bbva Compass Bank
Capital One
Commerce Bank
SunTrust Bank
M&t Bank
U.S. Bank
Hsbc Bank
Ing
Charles Faruki
Dayton
White House
Mag-Nif
Mentor
Ace Hardware
Amazon
Bed, Bath & Beyond
Best Buy
Kohl’s
Macy’s
Mercisource
Sears
Target
Walgreen’s
Michael J. Gallagher
Gallagher& Dawsey
Dayton area patent lawsuits spark debate over licensing fees
Industry experts call DucPla a patent troll and say licensing fees of 1200 per employee pressure small businesses into costly defenses. The flood of patent applications since 1990 fueled by MPHJ shell entities prompts lawsuits, state actions, and proposed federal reforms aimed at curbing shakedowns while preserving valid innovation protections.
MENTIONED IN THIS ARTICLE
DucPla
Richard Mescher
Columbus
Ohio State University
Moritz College of Law
Dayton
Brookings Institution
U.S. Patent and Trademark Office
Patent Office
Mescher
Rox Corp
MPHJ
Ohio
U.S
Congress
Gallagher
Kelly Henrici
Program In Law & Technology
UC School of Law
Ohio Businesses Targeted by Delaware Firm Probed
News reporter Cornelius Frolik obtained copies of letters mailed to Ohio businesses by a Delaware firm accused by authorities of demanding fees tied to questionable patents. The action highlights ongoing concerns over patent trolling and potential enforcement tactics affecting local commerce.
MENTIONED IN THIS ARTICLE
News
Cornelius Frolik
Ohio
Delaware
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Mark Gokavi
Microsoft
Nathan Myhrvold
Utah
Mag-Nis
O’donnell
Cornelius.Frolik
Coxine.com
Mark
Gokavi
Coxinc.com
America
Miami Valley
Faruki
U.S. District Court
University of Dayton School of Law
Porter Wright Law Firm
US Patent Office
Electronic Frontier Foundation
Furuki
Manufac
Ture
MPH
Vermont Attorney General
Vermont
Ricoh Americas Corp
Jim Witmer