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18 February 2021PatentsRory O'Neill

Wells Fargo and USAA to settle $300m litigation

Wells Fargo has reached a settlement in a pair of lawsuits brought by the US Automobile Association (USAA), after two juries found the bank liable for patent infringement.

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Trademarks
21 July 2016   A former manager at US bank Wells Fargo has been charged for his alleged role in laundering the proceeds of a scam that targeted US trademark owners.
Patents
13 January 2020   In the second win for financial services company United Services Automobile Association, a jury in East Texas has awarded it $102.8 million in damages after finding Wells Fargo wilfully infringed its patents.