An Irish technology firm scored a major victory over patent infringement claims it brought against DBS, a second local bank accused of violating its patent for a currency identification system for credit cards. Main-Line, which is represented in both cases by Wong Siew Hong of Eldan Law LLP, received $1.9 million from UOB last year as part of an “account of profits” or money it would have made if its patent had not been infringed. But that is a fraction of Main-Line’s total claim, which it estimates at potentially up to $21 million in lost profits and damages.
Read the report in The Business Times, 25 Jul 2012, page 4.