A lawsuit has been filed in the US District Court for the Eastern District of Texas, naming tech and banking giants IBM, Bank of America, Microsoft, Sony Interactive Entertainment, and others in accusations of patent infringement related to authentication and verification technology. The lawsuit, filed by New York-based company Secure Matrix, alleges that the companies have willfully infringed upon its patent and induced infringement.
The companies are being sued over their alleged infringement of Secure Matrix’s US patent number 8,677,116, which covers methods for authentication and verification. According to Secure Matrix, the patent encompasses innovative technologies in the field of authentication and verification, and the accused companies have violated its claims.
The complaint accuses IBM, Bank of America, Microsoft, Sony Interactive Entertainment, Binance Holdings, Line Corporation, Rakuten, and Zoho Corporation of direct infringement by using, manufacturing, selling, and importing products that utilize the patented technology. It also alleges that these companies have continued their infringing activities despite being notified of the patent claims, further adding claims of willful infringement to the lawsuit.
Furthermore, Secure Matrix has accused the defendants of induced infringement by selling products that encourage customers to use them in ways that violate its patent. This legal battle over the alleged infringement of authentication and verification technology patents could have significant implications for the technology and banking sectors, as well as the companies involved.
The plaintiff, Secure Matrix, is being represented by Isaac Rabicoff from Rabicoff Law. The gravity of the accusations and the involvement of major industry players makes this lawsuit a significant legal development in the realm of technology and patents.
The outcome of this lawsuit could potentially impact the future development and usage of authentication and verification technologies, as well as set important precedents for patent infringement cases in the technology sector. As the legal proceedings unfold, it will be interesting to see how the accused companies respond to the allegations and what potential outcomes may arise from this dispute.
This legal dispute underscores the importance of patents and intellectual property rights in the tech industry, and the potential challenges that arise when innovative technologies overlap and compete in the market.
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