Small Company Specializing in Suing Banks
Jennifer Kingson reports in the New York Times on DataTreasury Corporation, a Melville, NY-based company that has sued others, including several banks and processors, for patent infringement.
DataTreasury, for its part, said in court filings that the two patents were the brainchild of its founder, an inventor named Claudio Ballard. The filings are silent on Mr. Ballard's professional credentials and background, but they do assert that he met at least once with people from J. P. Morgan Chase and that they appropriated his ideas.
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