On April, 13, 2021, AuthWallet, LLC (“Wallet” or “Plaintiff”), represented by William P. Ramey, III of Ramey Schwaller, LLP, filed an intellectual property lawsuit against Citigroup, Inc., (“Citi” or “Defendant”), seeking a judgement, treble damages with permanent injunction and enjoinment for allegedly unlawfully infringing system and method for applying stored value to financial transaction. This case was filed in the U.S. District Court for the Southern District of Texas with Judge Alfred H. Bennett presiding.
In its complaint, the Plaintiff asserted that “Wallet owns the ‘852 patent by assignment. On March 22, 2016, U.S. Patent No. 9,292,852 (“the ’852 Patent or “Patent in Suit”) entitled “System and Method for Applying Stored Value to a Financial Transaction” was duly and legally issued by the U.S. Patent and Trademark Office. The ‘852 patent relates to novel and improved methods and systems for processing financial transaction data.”
The Plaintiff further alleged that, “Citi maintains, operates, and administers online platforms, products and services that facilitate financial transaction data processing that infringes one or more claims of the ‘852 patent, including one or more of claims 1-40, literally or under the doctrine of equivalents. Defendant put the inventions claimed by the ‘852 Patent into service (i.e., used them); but for Defendant’s actions, the claimed- inventions embodiments involving Defendant’s products and services would never have been put into service. Defendant’s acts complained of herein caused those claimed-invention embodiments as a whole to perform, and Defendant’s procurement of monetary and commercial benefit from it”. “Citi has and continues to induce infringement. Citi has actively encouraged or instructed others such as to cause infringement of one or more of claims 1–18 of the ‘852 patent, literally or under the doctrine of equivalents. Moreover, Citi has known or should have known of the ‘852 patent and the technology underlying it from at least the date of issuance of the patent.”
The Plaintiff further alleged that, “Citi has and continues to contributorily infringe. Citi has actively encouraged or instructed others and continues to do so, on how to use its products and services and related services such as to cause infringement of one or more of claims 1–18 of the ‘852 patent, literally or under the doctrine of equivalents. Moreover, Citi has known or should have known of the ‘852 patent and the technology underlying it from at least the date of issuance of the patent. Citi has caused and will continue to cause Wallet damage by direct and indirect infringement of (including inducing infringement of) the claims of the ‘852 patent.”
The only claim for relief laid down by the Plaintiff is for the alleged infringement of one or more claims of ‘852 Patent by the Defendant.
In its prayer for relief the Plaintiff has requested the court to enter judgment that the Defendant has infringed the claims of the ‘852 patent through Citi payment links, award Wallet damages in an amount sufficient to compensate it for Defendant’s infringement of the ‘852 patent in an amount no less than a reasonable royalty or lost profits, together with prejudgment and post-judgment interest and costs under 35 U.S.C. § 284, declare Defendant’s infringement to be wilful and treble the damages, including attorneys’ fees, expenses, and costs incurred in this action and an increase in the damage award pursuant to 35 U.S.C. § 284, a decree addressing future infringement and award Wallet such other and further relief as this Court deems just and proper.
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Pending - Other Pending
Alfred H Bennett
William P Ramey, III
Attorney at Ramey Schwaller, LLP
5020 Montrose Blvd, Ste 800
Houston, TX 77006
Civil Cover Sheet
Docket(#7) AMENDED COMPLAINT with Jury Demand against Citibank N.A. filed by AuthWallet, LLC. Related document: #1 Complaint filed by AuthWallet, LLC. (Attachments: #1 Exhibit US9292852)(Ramey, William) (Entered: 05/10/2021)Read MoreRead Less
Docket(#6) US Patent and Trademark Office Notified. AO 120, filed. (Attachments: #1 Complaint) (ChristopherSarratadi, 4) (Entered: 04/14/2021)Read MoreRead Less
Docket(#5) ORDER for Initial Pretrial and Scheduling Conference and Order to Disclose Interested Persons. Initial Conference set for 7/23/2021 at 09:00 AM in Courtroom 8C before Judge Alfred H Bennett. (Signed by Judge Alfred H Bennett) Parties notified.(ChristopherSarratadi, 4) (Entered: 04/14/2021)Read MoreRead Less
Docket(#4) Summons Issued as to Citigroup Inc.. Issued summons delivered to plaintiff by NEF, filed.(JosephWells, 4) (Entered: 04/14/2021)Read MoreRead Less
Docket(#3) Request for Issuance of Summons as to AuthWallet, LLC, filed.(Ramey, William) (Entered: 04/13/2021)Read MoreRead Less
Docket(#2) NOTICE AO 120 by AuthWallet, LLC, filed. (Ramey, William) (Entered: 04/13/2021)Read MoreRead Less
Docket(#1) COMPLAINT against Citigroup Inc. (Filing fee $ 402 receipt number 0541-26268014) filed by AuthWallet, LLC. (Attachments: #1 Exhibit US929285, #2 Civil Cover Sheet)(Ramey, William) (Entered: 04/13/2021)Read MoreRead Less
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