Catalyst Corporate Federal Credit Union Files for DJ against IP Navigation Group
- April 23, 2012
Catalyst Corporate Federal Credit Union filed an action for declaratory judgment against IP Navigation Group [NPE] and an unknown party (Doe # 1), seeking declaration that its payment and banking services do not infringe unspecified patents related to financial document processing procedures. According to the complaint, in March 2012 IP Navigation sent Catalyst a “Proposal to Negotiate a Patent License” on behalf of an unknown party to the case who purports to own “valuable patents in the field of financial document processing.” Information about the patents, the alleged owner of the portfolio, and the specific accused products are unknown at this time. 4/19, Eastern District of Texas, no judge yet assigned, 4:2012cv00234.