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Intellectual Ventures et. al. v. M&T Bank

Intellectual Ventures et. al. v. M&T Bank

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Published by PriorSmart
Official Complaint for Patent Infringement in Civil Action No. 1:13-cv-01274-UNA: Intellectual Ventures I LLC et. al. v. M&T Bank Corporation. Filed in U.S. District Court for the District of Delaware, no judge yet assigned. See http://news.priorsmart.com/-l8N2 for more info.
Official Complaint for Patent Infringement in Civil Action No. 1:13-cv-01274-UNA: Intellectual Ventures I LLC et. al. v. M&T Bank Corporation. Filed in U.S. District Court for the District of Delaware, no judge yet assigned. See http://news.priorsmart.com/-l8N2 for more info.

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Published by: PriorSmart on Jul 24, 2013
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09/29/2013

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 IN THE UNITED STATES DISTRICT COURTFOR THE DISTRICT OF DELAWARE
INTELLECTUAL VENTURES I LLC and INTELLECTUAL VENTURES II LLC,Plaintiffs,v.M&T BANK CORPORATION,Defendant.Civil Action No. ___________ JURY TRIAL DEMANDED
COMPLAINT
Plaintiffs, Intellectual Ventures I LLC (“Intellectual Ventures I”) and Intellectual Ventures II LLC (“Intellectual Ventures II”) for their complaint againstDefendant M&T Bank Corporation, allege as follows:
NATURE OF ACTION
1.
 
This is an action for patent infringement arising under Title 35 of the United States Code, seeking monetary damages and other relief against defendantM&T Bank Corporation (“M&T” or “Defendant”) due to its infringement of IntellectualVentures I’s rights in U.S. Patent No. 7,664,701 ("the '701 Patent"); United States Patent No. 7,603,382 ("the '382 Patent"); and United States Patent No. 8,083,137 ("the '137Patent"), and Intellectual Venture II’s rights in U.S. Patent No. 6,182,894 ("the '894Patent") and United States Patent No. 7,260,587 ("the '587 Patent") (collectively the"Patents-in-Suit").
 
 -2-
PARTIES
2.
 
Plaintiff Intellectual Ventures I is a Delaware limited liabilitycompany having its principal place of business located at 3150 139th Ave SE, Bellevue,Washington, 98005.3.
 
Plaintiff Intellectual Ventures II is a Delaware limited liabilitycompany having its principal place of business located at 3150 139th Ave SE, Bellevue,Washington, 98005.4.
 
Upon information and belief, M&T is a New York corporationwith its principle place of business at One M&T Plaza, Buffalo, New York 14203.
JURISDICTION AND VENUE
5.
 
This Court has jurisdiction because this dispute is a civil action for  patent infringement under the Patent Laws of the United States, 35 U.S.C. § 1
et. seq
.This Court has subject matter jurisdiction under 28 U.S.C. §§ 1331 and 1338(a).6.
 
This Court has general personal jurisdiction over Defendant because Defendant does substantial and continuous business in this judicial district,especially in light of its relatively recent acquisition of Wilmington Trust. This Court hasspecific jurisdiction over Defendant because it has committed acts giving rise to thisaction and has established minimum contacts within this judicial district such that theexercise of jurisdiction over Defendant would not offend traditional notions of fair playand substantial justice.7.
 
Venue is proper in this judicial district pursuant to 28 U.S.C. §§1391(b)-(c) and 1400(b) because Defendant has conducted business in this district, has
 
 -3- provided services to its customers within this judicial district, and has committed acts of  patent infringement within this district giving rise to this action.
BACKGROUND
8.
 
Intellectual Ventures Management, LLC ("Intellectual Ventures")was founded in 2000. Since its founding, Intellectual Ventures has been deeply involved in the business of invention. Intellectual Ventures creates inventions and files patentapplications for those inventions; collaborates with others to develop and patentinventions; and acquires and licenses patents from individual inventors, universities and other institutions. A significant aspect of Intellectual Ventures' business is managing thePlaintiffs in this case, Intellectual Ventures I and Intellectual Ventures II.9.
 
Intellectual Ventures' business includes purchasing importantinventions from individual inventors and institutions and then licensing the inventions tothose who need them. Through this business, Intellectual Ventures enables inventors toreap a financial reward from their innovations, which is frequently difficult for individualinventors to do. To date, Intellectual Ventures has purchased more than 70,000 assetsand, in the process, has paid individual inventors hundreds of millions of dollars for their inventions. Intellectual Ventures, in turn, has earned more than $3 billion by licensingthese patents to some of the world's most innovative and successful technologycompanies which continue to use them to make computer equipment, software,semiconductor devices, and a host of other products.10.
 
Intellectual Ventures also creates inventions. Intellectual Ventureshas a staff of scientists and engineers who develop ideas in a broad range of fields,including agriculture, computer hardware, life sciences, medical devices, semiconductors,and software. Intellectual Ventures has invested millions of dollars developing such

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