U.S. News | USAA Awarded $102m in Second Wells Fargo Dispute

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The U.S. District Court for the Eastern District of Texas jury awarded $102.8 million in damages after finding Wells Fargo willfully infringed its patents.

The court found that Wells Fargo have willfully infringed on two United Services Automobile Association (USAA) patents covering technologies relating to depositing cheques remotely via mobile phones.

It will be recalled that USAA filed its first complaint in June 2018, before filing another suit in August that year claiming that Wells Fargo incorporated its pioneering effort in mobile deposit technologies into its apps without license, permission or authorization.

USAA reportedly said that “USAA recognizes that the advent of mobile check deposit has revolutionized the consumer banking experience, with considerable benefits for both banks and customers. But it is improper for Wells Fargo to use, without permission, patented technologies that USAA has spent immense resources to invent, develop, implement, and perfect”.

In November last year, a jury issued a $200 million verdict on the June 2018 lawsuit. Since then, Wells Fargo has filed post-trial motions in the case, including a motion to stay execution of the judgment.

United Services Automobile Association v. Wells Fargo Bank, N.A.

Judge:Rodney Gilstrap
Court:Texas Eastern District Court
Case #:2:18-cv-00366
Nature of Suit:Patent
Cause:Patent Infringement
Case Filed:Aug 17, 2018
Terminated:Jan 13, 2020
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About Nathaniel Adebayo 755 Articles
Nathaniel is a News Reporting Intern at Nigerian Law Intellectual Property Watch (NLIPW). He has a passion for writing, capacity building and social media marketing. He is a graduate of Federal University of Technology, Minna, where he graduated with BTECHAGRIC. He is a member of Soil Science Society of Nigeria (SSSN) and the National Union of Campus Journalist (NUCJ). Nathaniel has served as Editor-in-Chief for a number of magazines and as a contributor to various online repositories. Email: anathaniel@nlipw.com