Sonic Industry Sues Wells Fargo

  • May 31, 2012

Sonic Industry [NPE] filed suit against Wells Fargo, alleging that Wells Fargo’s system that sets a selection and limit for equities trades infringes a patent related to data extraction using limit setting applied by a remote device.  Sonic Industry has filed eight prior suits against Charles Schwab, Corventis, Firstrade Securities, OptionsHouse, Scottrade, TradeKing, and TradeMonster.  According to PTO records, the patent-in-suit is one of three assigned to an entity named Wilson Telemetry.  5/25, Central District of California, Judge Gary A. Feess, 2:2012cv04587.


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