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13 January 2020PatentsSarah Morgan

Jury awards USAA $102m in second Wells Fargo dispute

In the second win for financial services company United Services Automobile Association (USAA), a jury in East Texas has awarded it $102.8 million in damages after finding Wells Fargo wilfully infringed its patents.

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More on this story

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Wells Fargo sued over mobile banking systems
11 June 2018   US banking organisation Wells Fargo has been sued for patent infringement over technologies relating to depositing cheques remotely via mobile phones.
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Wells Fargo hits back over military bank patent claim
15 August 2018   Wells Fargo fought back against a patent infringement complaint yesterday, claiming that patents relating to digital banking that were enforced against the US financial services organisation are invalid.
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Wells Fargo and USAA to settle $300m litigation
18 February 2021   Wells Fargo has reached a settlement in a pair of lawsuits brought by the US Automobile Association, after two juries found the bank liable for patent infringement.


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