Capital One Can Pursue Antitrust Case
Richmond partners Robert Angle, Dabney Carr and Megan Rahman; Tysons Corner partner Mary Zinsner; Atlanta partner Paul McGowan; and Tysons Corner associate Mohsin Reza were mentioned in a March 2 Law360 article and a March 3 American Lawyer article about U.S. District Judge Paul Grimm granting Capital One Financial Corp.’s motion to amend its counterclaims in a patent infringement suit against patent-licensing giant Intellectual Ventures.
Capital One alleges, per Law360, that Intellectual Venture’s “aggregation of 3,500 banking patents allowed it to extract more than $600 million in licenses.” The bank is claiming that Intellectual Ventures is in violation of the Sherman and Clayton Acts by monopolizing the banking technology market.