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Mitek Systems, Inc. Message Board

  • xxtarsz xxtarsz Apr 12, 2012 7:09 PM Flag

    MITK files patent infringement lawsuit against USAA

    This will lead to a big payday for MITK, imo.

    http://finance.yahoo.com/news/mitek-systems-files-patent-infringement-230000652.html

    SAN DIEGO, April 12, 2012 (GLOBE NEWSWIRE) -- Mitek Systems (Nasdaq:MITK - News) (www.miteksystems.com), a leading mobile imaging software solutions provider, today filed a lawsuit against USAA in the United States District Court for the District of Delaware. Mitek alleges that USAA infringes five Mitek patents relating to image capture on mobile devices, that USAA breached the parties' license agreement by using Mitek products beyond the scope of the agreed-upon license terms, and that USAA breached the parties' license agreement by disclosing confidential pricing and other confidential information for a Mitek legacy product installation in a lawsuit filed in Texas. Mitek's patents are related to its market-leading Mobile Deposit(R) product -- a product Mitek pioneered in 2008. Mitek seeks monetary damages, injunctive relief, and a finding that USAA willfully infringed Mitek's patents.

 
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