Phoenix Licensing Sues Banks and Insurance Companies
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.