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Share of mobile imaging software firm Mitek (MITK -19.2%) plunged in late trading, after the...

Apr. 02, 2012 4:25 PM ETMitek Systems, Inc. (MITK) StockMITKBy: Eric Jhonsa, SA News Editor4 Comments
Share of mobile imaging software firm Mitek (MITK -19.2%) plunged in late trading, after the United Services Automobile Association, a customer, filed suit against the company. The USAA claims its mobile checking solution doesn't infringe Mitek's patents, which are pivotal to Mitek's Mobile Deposit offering, and accuses the company of breach of contract and fraud.

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