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June 27, 2014
09:09 EDTSMME, V, MASmartMetric announces patent case vs. Visa, MasterCard hearing date
SmartMetric (SMME) received notice from the Federal Circuit Court that its motion for a ruling of infringement of its issued patent by Visa (V) and MasterCard (MA) will be heard in Washington DC on August 8th. SmartMetric in its pleadings before the court is also seeking a ruling in respect of damages and a prepaid royalty based on 25% of the economic savings that flow from the use of the SmartMetric patented technology by the payments cards companies. In earlier court filings the sum calculated and claimed by SmartMetric is $13.4B. At the center of the patent infringement litigation is the new chip cards now being introduced into the U.S.
News For SMME;V;MA From The Last 14 Days
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August 15, 2014
10:27 EDTVVisa management to meet with Pacific Crest
Meeting to be held on the West Coast on August 21 hosted by Pacific Crest.
06:15 EDTVSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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August 14, 2014
16:54 EDTVBerkshire Hathaway gives quarterly update on stakes
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August 13, 2014
09:31 EDTMAMasterCard, announce agreement
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