The following is excerpted from a June 27, 2011 article by Natasha Chilingerian published by Credit Union Times:
The patent litigation filed by London-based technology vendor Serverside Group is not to be taken lightly by the credit unions and credit union service organizations the vendor lists as defendants.
That’s according to several attorneys contacted by Credit Union Times, who say the lawsuit could be very costly for the targeted organizations to defend or settle.
Serverside Group, which provides design, marketing and printing services to the international payment card industry, named 15 defendants for patent litigation. Credit union industry members included PSCU Financial Services in Florida, The Members Group in Iowa, the $1.3 billion Anheuser-Busch Employees CU of St. Louis, the $274 million Neighbors CU of St. Louis and the $753 million Credit Union 1 of Anchorage. JHA Payment Processing Solutions, part of Jack Henry & Associates of Monett, Mo. was also named among the private companies and financial institutions.
The London firm alleges defendants “infringed upon its U.S. patent right as to financial transaction card customization technology,” it said in a press release. The suit was filed in U.S. District Court in Delaware.
Galvani [Phoenix-based patent attorney Thomas W. Galvani] adds the level of risk posed to the defendants may largely depend on a Markman hearing, a pre-trial hearing that determines the scope of the claims. The broader the scope, the more likely the defendants’ conduct will fall within that scope, the Phoenix attorney said.
Read the full article here.