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The theory is to snowball the court with fluff, chatter, a mountain of documents, and very boring testimony. Such was the case when HSBC and Decisioning tried to convince the court that Macy’s / Federated department stores held invalid patents. The appeals court saw it differently. The U.S. Court of Appeals for the Federal Circuit partly vacated summary judgments of noninfringement ruled in favor of TD Ameritrade Holdings Corp. and HSBC Holdings PLC cases versus Decisioning.com Inc.
Decisioning.com had filed patent-infringement suits against TD Ameritrade and Macy’s Inc., formerly known as Federated Department Stores Inc., relating to automatic financial account processing systems. HSBC had filed an action against Decisioning.com seeking a declaration of invalidity for the patents. HSBC won for a while, until the appeals court overruled them.
This article, Appeals court decision goes against HSBC, is just one of our articles from our Bank Horror Stories, HSBC Secrets Part 3
Bank Horror Stories monitors banking problems and customer complaints and has done so since 1999. Writers hold no stock positions. Some material is used under the fair use copyright act.
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