First of Late Summer Monument Subsidiaries Launches POS Terminal Campaign

October 13, 2016

The first of the ten or so Texas NPEs formed by Monument Patent Holdings, LLC since mid-August has now filed litigation, asserting a single patent (7,954,701) in two suits, one filed against each of TGI Friday’s (2:16-cv-01119) and Whole Foods Market (2:16-cv-01120). The plaintiff, Millennium Commerce, LLC, pleads ownership of the ‘701 patent, although no assignment to the NPE has been recorded with the USPTO. One member of a somewhat famous family, the ‘701 patent generally relates to a point-of-sale terminal that processes “cash back” transactions, and the accused products are the defendants’ transaction terminals.

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