DataTreasury Settles With BoNY In Check-Imaging Suit

Law360, New York (September 05, 2008) -- The Bank of New York Co. Inc. has become the third defendant in one week to settle claims in DataTreasury Corp.’s ongoing patent infringement suit over check-imaging and other banking technology, with the parties agreeing to drop the claims as part of a licensing deal.

DataTreasury and Bank of New York filed a joint motion on Thursday asking the U.S. District Court for the Eastern District of Texas to dismiss all claims and counterclaims between...