Sonic Industry Sues ViewPoint Bank
- September 6, 2012
Sonic Industry [NPE] filed suit against ViewPoint Bank, alleging that the defendant’s limit order system infringes a patent related to controlling inbound information based on defined parameters. Sonic Industry has filed 14 prior suits against Bank of America, Capital One Bank, Charles Schwab, Comerica, Corventis, Firstrade Securities, HSBC Bank USA, OptionsHouse, Scottrade, SerSart, TradeKing, TradeMonster, US Bancorp, and Wells Fargo. According to USPTO records, the patent-in-suit is one of three assigned to an entity named Wilson Telemetry. According to the complaint, Sonic Industry is the exclusive licensee of the patent-in-suit. 8/31, Eastern District of Texas, no judge yet assigned, 2:2012cv00571.