Federal Circuit Overturns $223M PNC Verdicts Under Alice In USAA Litigation
The Federal Circuit has wiped out nearly $223M in damages awarded to the United Services Automobile Association (USAA) in two verdicts against PNC Bank. On June 12, the court issued two opinions—one precedential—holding that the mobile check deposit patents tried in both cases were invalid as ineligible under Alice, and that Eastern District of Texas Judge Rodney Gilstrap had been wrong to hold otherwise. However, the appellate court also handed a win to USAA in a third opinion, also [...]