|
|
|
Monday, February 12, 2007
(DataTreasury Corporation)
|
|
PLANO, Texas-(BUSINESS WIRE)-DataTreasury Corporation, a Texas-based check-processing company, today announced an important victory in an appeal heard by the United States Court of Appeals for the Federal Circuit, the judicial body which oversees all U.S. patent cases. The appeal was brought by Electronic Data Systems Corporation (EDS), a major provider of information technology services and a defendant in the closely followed patent litigation surrounding DataTreasury's check-imaging and payment-processing technology.
EDS asked the Court to overturn an order issued in March 2006 by the U.S. District Court for the Northern District of Texas dismissing a patent infringement case filed by DataTreasury. The case focused on an EDS product known as "PAY for Check 21" and had been settled prior to the dismissal by agreements with Zions Bancorporation and NetDeposit, Inc., providers of the technology underlying EDS's product.
On February 7, 2007, a panel consisting of Chief Judge Paul R. Michel, Circuit Judge Randall R. Rader, and Circuit Judge Alvin A. Schall heard oral arguments by both parties, with Texas attorney Eric M. Albritton arguing on behalf of DataTreasury. On the following day, the Court issued an opinion refusing EDS's request and affirming the lower court's order.
Barring an appeal to the U.S. Supreme Court, this opinion leaves the only litigation actively pending between the two companies in the Eastern District of Texas, where DataTreasury filed a patent infringement suit following the Northern District's March 2006 dismissal.
"DataTreasury is grateful that the appellate court dealt with the issue quickly. We can now focus more fully on the rest of the Texas-based litigation," said Ed Hohn, DataTreasury's lead counsel and a partner with the law firm Nix, Patterson & Roach, LLP.
The appellate court's ruling may be viewed on the "Dispositions" page of the court's website ( http://fedcir.gov/ ), and a full-length audio recording of the hearing is available online at http://www.cafc.uscourts.gov/oralarguments/mp3/06-1506.mp3 .
About DataTreasury Corporation
A privately owned company, DataTreasury was formed in 1998 and is built around an extensive patent portfolio, which includes patents covering its Global Repository Platform, the world's most functional and secure informational management system. Several countries have recognized the patentability of this technology, and DataTreasury has many other pending patent applications surrounding this system. For further information on DataTreasury, please visit www.datatreasury.com.
Contact: DataTreasury Corporation Eric Wetzel, 512-474-7514 eric@shipleyassociates.net Source: DataTreasury Corporation
For additional information about DataTreasury and Patent Issues in the Financial Services Industry, please click here.
|
|