Fifth Circuit Affirms a $69 Million Refund to JP Morgan Pursuant to a Most-Favored-Licensee Clause
May 26, 2016Financial Services
In JP Morgan Chase Bank v. DataTreasury Corporation, the U.S. Court of Appeals for the 5th Circuit considered a district court’s interpretation of a most favored licensee clause in a license agreement, which allowed JP Morgan to use DataTreasury Corporation’s patented check processing technology.
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