New NPE Sues 10 Banks
- August 31, 2011
Kensington Grace Holdings [NPE] filed suit against Bridge Bank, Cathay Bank, Center Bank, Citizens Business Bank, Community Bank, Montecito Bank, Nara Bank, Santa Barbara Bank, Torrey Pines Bank, and Wilshire Bank over a patent related to electronic processing of image data. This is the first suit filed by Kensington Grace. The patent-in-suit originated with Integrated Claims Systems when it issued in April 2010. 8/29, Central District of California, 2:2011cv07134.