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Patent Owners Slap 20 Lawsuits on Banks Across Texas Courts

Citigroup Inc., Capital One Financial Corp., JPMorgan Chase Bank N.A., Regions Bank, Truist Financial Corp., are among the 13 banks being sued by Innomemory LLC in the Western and Eastern Districts of Texas.

March 14, 2024 at 12:39 PM

5 minute read

Patent Litigation

Adolfo Pesquera

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What You Need to Know

Four patent-owner non-practicing entities filed 20 lawsuits in Texas federal courts through the first two weeks of March against 18 banking institutions.

Four patent-owner non-practicing entities filed 20 lawsuits in Texas federal courts through the first two weeks of March against 18 banking institutions.

The largest number of lawsuits were filed by Innomemory LLC with 13 separate lawsuits citing patent infringement claims for two patents.

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