CHICAGO -- A prolific filer of patent claims filed suit yesterday against CEFCU, claiming the Peoria, Ill., credit union is infringing with the technology it uses for setting limits on remote information systems.

In its suit, Sonic Industry, LLC, claims the $5 billion credit union infringed on a U.S. patent it holds for Remote Limit Setting Information System and asks the U.S. District Court for the Northern District of Illinois to issue a permanent injunction barring CEFCU from using the technology and to assess treble damages.

Over the past six weeks Sonic has filed similar patent cases against Texans CU, Compass Bank, Harris Bank, Amegy Bank, American Bank and before that against HSBC, Capitol One, Comerica, Viewpoint Bank, Bank of America, US Bancorp, Charles Schwab and Scotttrade.

Separately, another patent company called Wolf Run Hollow LLC, filed suit Tuesday against State Farm CU claiming infringement on its patent for the process of facilitating transmission of secure messages across insecure networks.

Wolf Run also filed similar suits State Farm Bank and State Street Bank and Trust, and has sued numerous financial services providers in recent years, including Jack Henry & Associates, Fidelity National Information Services, Online Resources Corp., Harland Financial Solutions, Huntington National Bank, City National Bank, CitiBank, OneWest Bank, Rabobank, TD Bank and Texas Bank, among others.

 

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.