Askeladden Petitions for PTAB Review of Liberty Peak Ventures Patents

Askeladden filed petitions arguing two patents are invalid in view of prior art.

For Immediate Release:

Date: December 29, 2022


New York, NY — Askeladden L.L.C., as part of its Patent Quality Initiative, recently filed two petitions with the Patent Trial and Appeal Board (PTAB) requesting inter partes review of related Patents U.S. Pat. No. 7,837,100 and U.S. Pat. No. 8,905,301, held by Liberty Peak Ventures, LLC.

Liberty Peak Ventures has asserted the ’301 Patent in four patent infringement lawsuits, including suits against Charles Schwab, Citigroup, Zions and others. Askeladden’s IPR petitions argue that the ’301 and the ’100 Patents’ claims are invalid in light of prior art documents cited in the petitions. The prior art demonstrates that the purported inventions of the two patents, such as overdraft protection and fraud detection, were well known as of the date of invention of July 5, 2005. Askeladden’s Patent Challenge Committee—a group of well-respected experts in the area of patent law—chose to petition the PTAB for review of the ’100 and ’301 Patents as part of the Patent Quality Initiative.

Askeladden is represented by Amster Rothstein & Ebenstein LLP.

About the Patent Quality Initiative

Askeladden is an education, information and advocacy organization with the goal of improving the understanding, use and reliability of patents in financial services and other industries. As part of its Patent Quality Initiative, Askeladden strives to promote better patents and patent holder behaviors by regularly filing amicus briefs, Inter Partes Reviews (IPRs) and engaging in educational activities.