- A lawyer for the USAA has disclosed a federal court granted a USAA motion to dismiss Mitek (NASDAQ:MITK) infringement claims related to four patents. A trial on remaining claims is set to begin on Sep. 8.
- Mitek and the USAA have been suing each other since 2012: Mitek accuses the USAA (a former client) of infringing IP that's crucial to its mobile check deposit offerings, and the USAA has accused Mitek of breach of contract and fraud.
- Also: Mitek has disclosed CTO Michael Strange has left the company to "pursue other opportunities." (8-K)
- Strange was hired in 2012. Before joining Mitek, he was the CTO of prepaid debit card provider Green Dot.
From other sites
at CNBC.com (Sep 17, 2013)
at MarketWatch.com (Jan 7, 2013)
at MarketWatch.com (Nov 15, 2011)
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