Intellectual Ventures has shaken antitrust claims waged by Capital One Financial Corp. after four years of hard-fought litigation.
U.S. District Judge Paul Grimm of the District of Maryland turned back Capital One’s argument that IV is violating antitrust laws by aggregating thousands of patents that read on financial industry technology and threatening to assert them seriatim until Capital One submits to an over-priced license. IV has asked Capital One for $131 million to license its entire portfolio for five years, though it maintains that was just an opening offer.
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