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Covington represents a broad range of clients in the financial services industry. We are well-recognized for forming multi-disciplinary teams of regulatory, transactional, and litigation attorneys, ensuring that the firm’s deep industry knowledge informs its engagements for financial services clients.
In undertaking patent litigation involving financial services technology, we combine our understandings of the technology, patent law, and financial industries and applicable regulations to craft a comprehensive approach. For instance, we have successfully called on our experienced bank regulatory lawyers to identify industry developments that were not picked up in conventional prior art searches.
Combining our legal acumen with extensive industry experience, regulatory knowledge, and technical training, Covington has a proven track record working with clients in the financial services industry.
Representative Matters
- Representation of a leading financial institution in a patent infringement action relating to fraud prevention methods used in connection with credit cards. Privasys v. Visa et. al. (N.D. Cal.).
- Representation of JPMorgan Chase:
- in a patent infringement case brought by Phoenix Licensing regarding patents alleged to relate to the provision of financial products. Phoenix Licensing, LLC et al. v. Chase Manhattan Mortgage Co. (E.D. Tex.);
- in patent litigation brought by LML Patent Corp. on patent claims relating to electronic checking transactions. LML Patent Corp. v. JP Morgan Chase & Co. (E.D. Tex.); and
- in patent litigation brought by Pollin Patent Licensing and Autoscribe accusing Chase’s check-by-phone services. Pollin Patent Licensing, LLC, et al. v. JPMorgan Chase Bank, N.A., et al. (N.D. Ill.).
- Representation of LendingTree:
- in patent litigation brought by Block Financial regarding on-line financial services. Block Financial LLC v. LendingTree LLC (W.D. Missouri); and
- in a patent infringement action filed against multiple defendants where the asserted patents cover computer hardware and software used in facilitating business between computer users and multiple lenders on the Internet. LendingTree LLC v. Zillow Inc., et al. (W.D. N.C.)
- Representation of a Liberty Brokerage subsidiary in a patent infringement action brought by Cantor Fitzgerald relating to a complex business method patent covering bond trading. Liberty Brokerage, Inc. v. Cantor Fitzgerald, Inc. (D. Del.).
- Representation of Visa International and Visa USA:
- in a lawsuit over a patent alleged to cover the “Verified by Visa” service for authenticating the identity of a payment cardholder in an online transaction. Defendants won summary judgment of non-infringement, which was affirmed on appeal. Safeclick LLC v. Visa International Service Association and Visa U.S.A., Inc. (N.D. Cal.); and
- in a lawsuit asserting a patent and trade secret claims against the “Verified by Visa” service. Starpay v. Visa (N.D. Tex.).
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