Phoenix Licensing Sues Banks and Insurance Companies

June 14, 2011

Erich Spangenberg’s Phoenix Licensing [NPE] launched a new suit in EDTX yesterday, targeting several banks and insurance companies for alleged infringement of four patents related to software for financial product selection and marketing.  Phoenix’s co-plaintiff in the suit is LPL Licensing, identified in the complaint as the exclusive licensee of the patents-in-suit. Defendants include Aetna, Commerce, Frost, HSBC, Liberty, MetLife, Mutual of Omaha, Sovereign and United Health and associated entities. Phoenix/LPL have been involved in 15 suits dating from 2007.  Eight of the suits appear to have been DJs.  Phoenix filed two suits last year.  This newest filing adds a new patent (issued in February of this year).  All four of the patents originated with an individual inventor, Richard Libman and represent a single family (earliest priority June 1996).  Phoenix/LPL is represented by Capshaw DeRieux in the new case. 6/13, Eastern District of Texas, 2:2011cv00285.

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