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.
|Court:||Texas Eastern District Court|
|Nature of Suit:||Patent|
|Case Filed:||Aug 17, 2018|
|Terminated:||Jan 13, 2020|