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Sonic Industry Sues Bank of America over Limit Order Trades

June 12, 2012

Sonic Industry [NPE] filed suit against Bank of America, alleging that Bank of America’s systems for “remotely setting limits on an information processing system”  infringe a patent related to controlling in-bound information based on defined parameters. Sonic Industry has filed nine prior suits against Charles Schwab,  Corventis,  Firstrade Securities,  OptionsHouse, Scottrade, SerSart, TradeKing, TradeMonster and Wells Fargo.  According to PTO records, the patent-in-suit is [...]


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